Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 283,109 shares of the company’s stock, valued at approximately $6,928,000.
A number of other institutional investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in KraneShares CSI China Internet ETF by 11.3% in the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock worth $818,000 after purchasing an additional 2,383 shares during the last quarter. Empowered Funds LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 1st quarter valued at $1,518,000. Creative Planning lifted its holdings in shares of KraneShares CSI China Internet ETF by 38.9% during the 2nd quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after buying an additional 2,579 shares during the period. Baird Financial Group Inc. boosted its stake in shares of KraneShares CSI China Internet ETF by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after buying an additional 683 shares during the last quarter. Finally, Main Street Financial Solutions LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 2nd quarter worth $275,000.
KraneShares CSI China Internet ETF Stock Down 2.6%
KraneShares CSI China Internet ETF stock opened at $25.36 on Wednesday. KraneShares CSI China Internet ETF has a 52-week low of $23.23 and a 52-week high of $43.37. The company has a market cap of $5.02 billion, a P/E ratio of 15.95 and a beta of 0.35. The business has a 50-day simple moving average of $26.78 and a two-hundred day simple moving average of $27.82.
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.
Read More
- Five stocks we like better than KraneShares CSI China Internet ETF
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding KWEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report).
Receive News & Ratings for KraneShares CSI China Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares CSI China Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
