KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.23 and last traded at $26.36, with a volume of 4825737 shares traded. The stock had previously closed at $27.04.
KraneShares CSI China Internet ETF Stock Performance
The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. The company has a 50-day moving average of $28.69 and a 200-day moving average of $32.81.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of KWEB. NewEdge Advisors LLC raised its position in shares of KraneShares CSI China Internet ETF by 11.3% during the 1st 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 acquired a new position in KraneShares CSI China Internet ETF in the 1st quarter valued at $1,518,000. Creative Planning raised its holdings in KraneShares CSI China Internet ETF by 38.9% in the 2nd quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after acquiring an additional 2,579 shares during the last quarter. Baird Financial Group Inc. raised its holdings in 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 valued at $844,000 after acquiring an additional 683 shares during the last quarter. Finally, Main Street Financial Solutions LLC acquired a new position in KraneShares CSI China Internet ETF in the 2nd quarter valued at $275,000.
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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