KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 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 Trading Up 1.8%
The company has a market cap of $4.60 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. The business has a 50-day moving average price of $24.48 and a 200 day moving average price of $27.82.
Institutional Investors Weigh In On KraneShares CSI China Internet ETF
Several hedge funds have recently modified their holdings of KWEB. Fifth Third Bancorp lifted its stake in shares of KraneShares CSI China Internet ETF by 20.7% in the 3rd quarter. Fifth Third Bancorp now owns 7,843 shares of the company’s stock valued at $192,000 after purchasing an additional 1,343 shares during the last quarter. StoneX Group Inc. acquired a new position in KraneShares CSI China Internet ETF during the third quarter worth $475,000. Tamar Securities LLC increased its position in KraneShares CSI China Internet ETF by 11.2% during the third quarter. Tamar Securities LLC now owns 343,383 shares of the company’s stock worth $8,416,000 after buying an additional 34,597 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in KraneShares CSI China Internet ETF during the third quarter valued at about $9,317,000. Finally, SFI Advisors LLC bought a new position in KraneShares CSI China Internet ETF during the third quarter valued at about $222,000.
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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