Arete Wealth Advisors LLC Acquires New Position in KraneShares CSI China Internet ETF (NYSE:KWEB)

Arete Wealth Advisors LLC bought a new position in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) during the third quarter, HoldingsChannel.com reports. The firm bought 6,485 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Suvretta Capital Management LLC acquired a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at about $7,825,000. RPg Family Wealth Advisory LLC increased its stake in shares of KraneShares CSI China Internet ETF by 5.5% during the third quarter. RPg Family Wealth Advisory LLC now owns 126,801 shares of the company’s stock worth $4,314,000 after buying an additional 6,667 shares during the period. Freedom Investment Management Inc. raised its holdings in KraneShares CSI China Internet ETF by 10.6% in the third quarter. Freedom Investment Management Inc. now owns 12,142 shares of the company’s stock valued at $413,000 after acquiring an additional 1,166 shares in the last quarter. FMR LLC lifted its stake in KraneShares CSI China Internet ETF by 51.1% in the third quarter. FMR LLC now owns 3,409 shares of the company’s stock worth $116,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Private Trust Co. NA acquired a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $170,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB opened at $31.71 on Friday. The firm’s fifty day simple moving average is $32.11 and its 200-day simple moving average is $29.32. KraneShares CSI China Internet ETF has a twelve month low of $22.68 and a twelve month high of $39.17.