Rovida Investment Management Ltd Purchases New Position in KraneShares CSI China Internet ETF (NYSE:KWEB)

Rovida Investment Management Ltd acquired a new position in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $2,922,000. KraneShares CSI China Internet ETF accounts for approximately 0.9% of Rovida Investment Management Ltd’s portfolio, making the stock its 17th largest position.

Several other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its holdings in KraneShares CSI China Internet ETF by 466.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock valued at $25,000 after buying an additional 700 shares in the last quarter. Oakworth Capital Inc. acquired a new position in shares of KraneShares CSI China Internet ETF in the fourth quarter valued at about $78,000. IFP Advisors Inc grew its stake in shares of KraneShares CSI China Internet ETF by 553.4% in the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock valued at $97,000 after acquiring an additional 2,800 shares in the last quarter. FMR LLC increased its position in KraneShares CSI China Internet ETF by 51.1% during 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 period. Finally, Private Trust Co. NA acquired a new stake in KraneShares CSI China Internet ETF in the 3rd quarter worth about $170,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSE:KWEB opened at $35.73 on Tuesday. KraneShares CSI China Internet ETF has a 12-month low of $24.68 and a 12-month high of $39.17. The company’s 50 day moving average price is $33.58 and its two-hundred day moving average price is $31.83.