Ping Capital Management Inc. Acquires 78,600 Shares of KraneShares CSI China Internet ETF (NYSE:KWEB)

Ping Capital Management Inc. boosted its holdings in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 25.8% in the fourth quarter, Holdings Channel reports. The firm owned 383,600 shares of the company’s stock after purchasing an additional 78,600 shares during the quarter. KraneShares CSI China Internet ETF comprises about 2.7% of Ping Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Ping Capital Management Inc.’s holdings in KraneShares CSI China Internet ETF were worth $11,216,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in KraneShares CSI China Internet ETF during the third quarter worth $282,366,000. Temasek Holdings Private Ltd lifted its holdings in KraneShares CSI China Internet ETF by 25.7% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,793,900 shares of the company’s stock valued at $95,048,000 after purchasing an additional 572,100 shares during the last quarter. Mount Lucas Management LP boosted its position in KraneShares CSI China Internet ETF by 136.8% in the third quarter. Mount Lucas Management LP now owns 1,385,000 shares of the company’s stock valued at $47,118,000 after buying an additional 800,000 shares in the last quarter. Coalescence Partners Investment Management LP bought a new stake in KraneShares CSI China Internet ETF during the third quarter worth about $47,048,000. Finally, Trium Capital LLP boosted its holdings in shares of KraneShares CSI China Internet ETF by 7.8% in the 3rd quarter. Trium Capital LLP now owns 856,430 shares of the company’s stock worth $29,136,000 after acquiring an additional 61,975 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Up 3.3 %

KWEB stock opened at $31.91 on Wednesday. The business has a fifty day moving average price of $30.15 and a 200 day moving average price of $29.67. KraneShares CSI China Internet ETF has a fifty-two week low of $23.06 and a fifty-two week high of $39.17.