Renaissance Technologies LLC lessened its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 72.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,700 shares of the company’s stock after selling 818,300 shares during the quarter. Renaissance Technologies LLC’s holdings in KraneShares CSI China Internet ETF were worth $8,691,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the stock. Morningstar Investment Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the first quarter worth $8,959,000. Robinhood Asset Management LLC bought a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at about $54,053,000. NewEdge Wealth LLC increased its position in KraneShares CSI China Internet ETF by 67.8% in the fourth quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock worth $7,514,000 after purchasing an additional 89,143 shares during the period. Temasek Holdings Private Ltd increased its position in KraneShares CSI China Internet ETF by 98.5% in the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares during the period. Finally, Phoenix Financial Ltd. raised its holdings in KraneShares CSI China Internet ETF by 9.4% during the 4th quarter. Phoenix Financial Ltd. now owns 230,331 shares of the company’s stock worth $7,712,000 after purchasing an additional 19,827 shares during the last quarter.
KraneShares CSI China Internet ETF Stock Performance
KraneShares CSI China Internet ETF stock opened at $28.49 on Monday. The company has a market cap of $5.64 billion, a PE ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 1 year low of $23.23 and a 1 year high of $43.37. The company’s 50-day moving average is $26.25 and its two-hundred day moving average is $29.32.
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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