KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) saw an uptick in trading volume on Monday . 13,182,089 shares changed hands during trading, a decline of 39% from the previous session’s volume of 21,637,434 shares.The stock last traded at $34.83 and had previously closed at $35.01.
KraneShares CSI China Internet ETF Stock Down 2.1 %
The company has a market cap of $6.80 billion, a P/E ratio of 22.48 and a beta of 1.30. The business has a fifty day simple moving average of $28.47 and a two-hundred day simple moving average of $28.31.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in KWEB. Hexagon Capital Partners LLC raised its stake in shares of KraneShares CSI China Internet ETF by 59.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,480 shares of the company’s stock worth $91,000 after buying an additional 1,300 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in shares of KraneShares CSI China Internet ETF by 30.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 8,405 shares of the company’s stock worth $221,000 after purchasing an additional 1,940 shares during the period. Mizuho Securities USA LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the first quarter worth $262,000. 180 Wealth Advisors LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 1st quarter valued at $266,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of KraneShares CSI China Internet ETF by 12.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 10,590 shares of the company’s stock valued at $286,000 after buying an additional 1,132 shares in the last quarter.
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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