KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) shares reached a new 52-week low during trading on Thursday. The stock traded as low as $22.91 and last traded at $23.0880, with a volume of 456,977 shares traded. The stock had previously closed at $23.74.
KraneShares CSI China Internet ETF Price Performance
The business has a 50-day moving average of $25.21 and a 200-day moving average of $26.64. The company has a market capitalization of $4.31 billion, a P/E ratio of 15.95 and a beta of 0.33.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in KWEB. Bank of America Corp DE raised its position in KraneShares CSI China Internet ETF by 32.1% during the 1st quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock valued at $315,308,000 after purchasing an additional 2,693,759 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in KraneShares CSI China Internet ETF by 54.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,186,516 shares of the company’s stock worth $62,163,000 after buying an additional 770,000 shares during the period. Compass Rose Asset Management LP boosted its position in KraneShares CSI China Internet ETF by 123.6% during the 1st quarter. Compass Rose Asset Management LP now owns 1,230,000 shares of the company’s stock valued at $34,969,000 after acquiring an additional 680,000 shares in the last quarter. NWI Management LP purchased a new stake in shares of KraneShares CSI China Internet ETF during the 1st quarter worth $25,587,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in KraneShares CSI China Internet ETF in the second quarter valued at about $21,371,000.
About KraneShares CSI China Internet ETF
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.
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