Westside Investment Management Inc. Buys 11,625 Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Westside Investment Management Inc. lifted its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 11,625.0% in the first quarter, HoldingsChannel reports. The fund owned 11,725 shares of the company’s stock after acquiring an additional 11,625 shares during the period. Westside Investment Management Inc.’s holdings in KraneShares CSI China Internet ETF were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KWEB. Bank of Nova Scotia grew its stake in shares of KraneShares CSI China Internet ETF by 401.2% during the 4th quarter. Bank of Nova Scotia now owns 1,986,673 shares of the company’s stock valued at $53,637,000 after acquiring an additional 1,590,320 shares during the period. Morgan Stanley grew its stake in shares of KraneShares CSI China Internet ETF by 20.7% during the 3rd quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock valued at $232,970,000 after acquiring an additional 1,458,821 shares during the period. Alaska Permanent Fund Corp grew its stake in shares of KraneShares CSI China Internet ETF by 19.0% during the 4th quarter. Alaska Permanent Fund Corp now owns 7,397,867 shares of the company’s stock valued at $199,742,000 after acquiring an additional 1,182,456 shares during the period. Rafferty Asset Management LLC grew its stake in shares of KraneShares CSI China Internet ETF by 18.7% during the 4th quarter. Rafferty Asset Management LLC now owns 7,386,886 shares of the company’s stock valued at $199,446,000 after acquiring an additional 1,163,591 shares during the period. Finally, L1 Capital Pty Ltd grew its stake in shares of KraneShares CSI China Internet ETF by 20.4% during the 3rd quarter. L1 Capital Pty Ltd now owns 3,689,988 shares of the company’s stock valued at $100,995,000 after acquiring an additional 624,858 shares during the period.

KraneShares CSI China Internet ETF Price Performance

KWEB stock opened at $28.19 on Thursday. KraneShares CSI China Internet ETF has a 1-year low of $22.68 and a 1-year high of $32.63. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 22.48 and a beta of 1.30. The business has a 50 day simple moving average of $29.36 and a two-hundred day simple moving average of $26.93.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.