Pictet North America Advisors SA Makes New Investment in KraneShares CSI China Internet ETF (NYSE:KWEB)

Pictet North America Advisors SA purchased a new position in KraneShares CSI China Internet ETF (NYSE:KWEB) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 206,000 shares of the company’s stock, valued at approximately $6,023,000.

Several other hedge funds have also recently modified their holdings of KWEB. Tamar Securities LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 17.8% during the third quarter. Tamar Securities LLC now owns 67,903 shares of the company’s stock worth $2,310,000 after buying an additional 10,251 shares during the period. Avaii Wealth Management LLC increased its stake in shares of KraneShares CSI China Internet ETF by 143.5% during the third quarter. Avaii Wealth Management LLC now owns 22,389 shares of the company’s stock worth $762,000 after purchasing an additional 13,195 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of KraneShares CSI China Internet ETF by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 361,107 shares of the company’s stock worth $12,285,000 after purchasing an additional 1,808 shares in the last quarter. Raymond James & Associates increased its stake in shares of KraneShares CSI China Internet ETF by 41.8% during the third quarter. Raymond James & Associates now owns 246,192 shares of the company’s stock worth $8,375,000 after purchasing an additional 72,602 shares in the last quarter. Finally, Signaturefd LLC boosted its position in KraneShares CSI China Internet ETF by 17.9% during the third quarter. Signaturefd LLC now owns 16,249 shares of the company’s stock worth $553,000 after acquiring an additional 2,464 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Performance

KWEB opened at $34.34 on Friday. The firm’s 50-day moving average price is $30.35 and its 200 day moving average price is $29.89. KraneShares CSI China Internet ETF has a twelve month low of $24.49 and a twelve month high of $39.17.