Shares of KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $11.74 and traded as high as $11.81. KraneShares Hang Seng TECH Index ETF shares last traded at $11.79, with a volume of 90,610 shares trading hands.
KraneShares Hang Seng TECH Index ETF Stock Up 1.4%
The firm has a market cap of $48.34 million, a PE ratio of 39.30 and a beta of 0.49. The firm has a 50 day moving average of $11.74 and a 200 day moving average of $13.36.
Institutional Trading of KraneShares Hang Seng TECH Index ETF
Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in shares of KraneShares Hang Seng TECH Index ETF by 22.2% during the 1st quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock valued at $311,000 after buying an additional 4,115 shares during the period. Citadel Advisors LLC lifted its holdings in KraneShares Hang Seng TECH Index ETF by 286.0% during the 2nd quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock valued at $482,000 after purchasing an additional 28,997 shares during the last quarter. Finally, Lavelle Capital LP bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the first quarter worth about $1,134,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.
About KraneShares Hang Seng TECH Index ETF
The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.
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