City of London Investment Management Co. Ltd. bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,228,694 shares of the company’s stock, valued at approximately $85,732,000. KraneShares CSI China Internet ETF makes up 4.5% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 10th biggest position.

Other large investors have also bought and sold shares of the company. Stonebridge Capital Advisors LLC purchased a new stake in KraneShares CSI China Internet ETF during the 1st quarter worth $27,000. Rockbridge Investment Management LCC purchased a new stake in KraneShares CSI China Internet ETF during the 1st quarter worth $27,000. NEXT Financial Group Inc increased its stake in KraneShares CSI China Internet ETF by 120.1% during the 2nd quarter. NEXT Financial Group Inc now owns 394 shares of the company’s stock worth $27,000 after buying an additional 215 shares during the period. Strategic Blueprint LLC purchased a new stake in KraneShares CSI China Internet ETF during the 2nd quarter worth $27,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in KraneShares CSI China Internet ETF by 80.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 450 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period.

KraneShares CSI China Internet ETF stock traded up $0.31 during midday trading on Friday, hitting $50.42. 12,657,344 shares of the stock were exchanged, compared to its average volume of 6,342,233. KraneShares CSI China Internet ETF has a 1 year low of $43.39 and a 1 year high of $104.94. The company has a 50 day moving average price of $48.92 and a two-hundred day moving average price of $61.47.

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