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

Westside Investment Management Inc. boosted its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 11,625.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at about $260,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of KraneShares CSI China Internet ETF during the third quarter valued at about $259,000. 180 Wealth Advisors LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the first quarter valued at about $266,000. Perigon Wealth Management LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 11,207 shares of the company’s stock worth $303,000 after buying an additional 800 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter worth about $200,000.

KraneShares CSI China Internet ETF Trading Up 3.2 %

Shares of KraneShares CSI China Internet ETF stock opened at $28.19 on Thursday. KraneShares CSI China Internet ETF has a 12-month low of $22.68 and a 12-month high of $32.63. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 22.48 and a beta of 1.30. The company’s 50-day moving average price is $29.36 and its 200-day moving average price is $26.93.

About KraneShares CSI China Internet ETF

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.