KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sets New 1-Year Low – Time to Sell?

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) reached a new 52-week low during trading on Monday . The company traded as low as $23.23 and last traded at $24.37, with a volume of 283225 shares trading hands. The stock had previously closed at $23.94.

KraneShares CSI China Internet ETF Price Performance

The stock has a market cap of $5.50 billion, a P/E ratio of 15.95 and a beta of 0.34. The company has a fifty day moving average of $27.28 and a 200 day moving average of $30.78.

Institutional Trading of KraneShares CSI China Internet ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the third quarter valued at $34,000. SBI Securities Co. Ltd. grew its holdings in KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after acquiring an additional 723 shares during the period. Manchester Capital Management LLC bought a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth about $32,000. Fortitude Family Office LLC bought a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth about $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in KraneShares CSI China Internet ETF in the 4th quarter valued at about $45,000.

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.