KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $27.12 and last traded at $27.33, with a volume of 5536622 shares changing hands. The stock had previously closed at $28.12.
KraneShares CSI China Internet ETF Stock Down 1.8%
The company has a 50-day moving average price of $29.02 and a two-hundred day moving average price of $33.24. The stock has a market capitalization of $6.20 billion, a P/E ratio of 15.95 and a beta of 0.36.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise increased its position in shares of KraneShares CSI China Internet ETF by 2.9% in the third quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock worth $418,000 after purchasing an additional 284 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of KraneShares CSI China Internet ETF by 2.4% in the fourth quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock worth $541,000 after purchasing an additional 380 shares during the last quarter. TAGStone Capital Inc. increased its position in shares of KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock worth $232,000 after purchasing an additional 390 shares during the last quarter. Highline Wealth Partners LLC increased its position in shares of KraneShares CSI China Internet ETF by 5.6% in the fourth quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock worth $272,000 after purchasing an additional 424 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock worth $289,000 after purchasing an additional 487 shares during the last quarter.
KraneShares CSI China Internet ETF Company 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.
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