KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $27.63, but opened at $26.46. KraneShares CSI China Internet ETF shares last traded at $26.93, with a volume of 23,084,080 shares changing hands.
KraneShares CSI China Internet ETF Trading Down 2.6%
The firm has a 50 day moving average price of $28.89 and a 200-day moving average price of $33.11. The firm has a market cap of $6.05 billion, a PE ratio of 15.95 and a beta of 0.36.
Hedge Funds Weigh In On KraneShares CSI China Internet ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise lifted its stake in KraneShares CSI China Internet ETF by 2.9% during 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 lifted its stake in KraneShares CSI China Internet ETF by 2.4% during 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. raised its holdings in KraneShares CSI China Internet ETF by 6.1% during 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 in the last quarter. Highline Wealth Partners LLC raised its holdings in KraneShares CSI China Internet ETF by 5.6% during 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 in the last quarter. Finally, Larson Financial Group LLC raised its holdings in KraneShares CSI China Internet ETF by 6.1% during 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 in the last quarter.
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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