KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $24.48 and traded as high as $25.15. KraneShares CSI China Internet ETF shares last traded at $24.76, with a volume of 77,579,375 shares changing hands.
KraneShares CSI China Internet ETF Stock Performance
The stock has a 50 day moving average of $24.48 and a two-hundred day moving average of $27.82. The firm has a market capitalization of $4.60 billion, a P/E ratio of 15.95 and a beta of 0.34.
Hedge Funds Weigh In On KraneShares CSI China Internet ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KWEB. Rayburn West Financial Services LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the second quarter worth $129,000. Fifth Third Bancorp boosted its holdings in shares of KraneShares CSI China Internet ETF by 20.7% during the 3rd quarter. Fifth Third Bancorp now owns 7,843 shares of the company’s stock worth $192,000 after buying an additional 1,343 shares during the period. Invera Wealth Advisors LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth $201,000. Kestra Advisory Services LLC grew its stake in KraneShares CSI China Internet ETF by 17.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,873 shares of the company’s stock valued at $252,000 after buying an additional 1,286 shares during the last quarter. Finally, Morton Capital Management LLC CA acquired a new position in KraneShares CSI China Internet ETF in the 3rd quarter valued at $218,000.
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.
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