KraneShares CSI China Internet ETF $KWEB Shares Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd boosted its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 98.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,499,382 shares of the company’s stock after buying an additional 3,225,790 shares during the quarter. KraneShares CSI China Internet ETF makes up approximately 0.7% of Temasek Holdings Private Ltd’s holdings, making the stock its 28th largest holding. Temasek Holdings Private Ltd’s holdings in KraneShares CSI China Internet ETF were worth $221,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KWEB. NewEdge Advisors LLC increased its position in 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 valued at $818,000 after buying an additional 2,383 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the first quarter valued at about $1,518,000. Creative Planning increased its holdings in shares of KraneShares CSI China Internet ETF by 38.9% in the second quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after purchasing an additional 2,579 shares during the period. Baird Financial Group Inc. increased its holdings in shares of KraneShares CSI China Internet ETF by 2.9% in the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock valued at $844,000 after purchasing an additional 683 shares during the period. Finally, Main Street Financial Solutions LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the second quarter valued at about $275,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB stock opened at $26.62 on Tuesday. KraneShares CSI China Internet ETF has a fifty-two week low of $25.90 and a fifty-two week high of $43.37. The firm has a market capitalization of $5.98 billion, a PE ratio of 15.95 and a beta of 0.34. The stock’s 50-day simple moving average is $28.22 and its 200-day simple moving average is $31.77.

KraneShares CSI China Internet ETF 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.