Alaska Permanent Fund Corp Has $199.74 Million Position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Alaska Permanent Fund Corp increased its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 19.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,397,867 shares of the company’s stock after buying an additional 1,182,456 shares during the period. KraneShares CSI China Internet ETF makes up approximately 3.3% of Alaska Permanent Fund Corp’s investment portfolio, making the stock its 10th biggest position. Alaska Permanent Fund Corp’s holdings in KraneShares CSI China Internet ETF were worth $199,742,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $25,000. NBC Securities Inc. bought a new stake in KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $38,000. Solstein Capital LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth approximately $38,000. Institutional & Family Asset Management LLC bought a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $44,000. Finally, EPG Wealth Management LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 133.5% in the 3rd quarter. EPG Wealth Management LLC now owns 3,061 shares of the company’s stock valued at $84,000 after purchasing an additional 1,750 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA KWEB traded up $0.77 during mid-day trading on Tuesday, hitting $27.33. 25,161,696 shares of the stock traded hands, compared to its average volume of 21,955,020. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 20.84 and a beta of 1.28. The stock has a fifty day moving average price of $26.04 and a 200-day moving average price of $26.18. KraneShares CSI China Internet ETF has a 52 week low of $22.68 and a 52 week high of $32.06.

KraneShares CSI China Internet ETF Profile

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.