KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Trading Up 0.5%

KraneShares CSI China Internet ETF (NYSEARCA:KWEB)’s stock price were up 0.5% on Monday . The company traded as high as $25.57 and last traded at $25.55. Approximately 9,602,168 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 19,057,662 shares. The stock had previously closed at $25.42.

KraneShares CSI China Internet ETF Stock Up 0.5 %

The firm has a fifty day moving average of $26.36 and a 200-day moving average of $27.42. The firm has a market cap of $5.07 billion, a P/E ratio of 22.48 and a beta of 1.30.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KWEB. Congress Wealth Management LLC DE increased its position in shares of KraneShares CSI China Internet ETF by 1.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 24,160 shares of the company’s stock worth $652,000 after purchasing an additional 452 shares during the last quarter. Greystone Financial Group LLC lifted its holdings in KraneShares CSI China Internet ETF by 6.4% during the 4th quarter. Greystone Financial Group LLC now owns 10,692 shares of the company’s stock worth $289,000 after buying an additional 640 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in 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 worth $286,000 after buying an additional 1,132 shares during the period. Partners Capital Investment Group LLP lifted its holdings in KraneShares CSI China Internet ETF by 0.7% during the 4th quarter. Partners Capital Investment Group LLP now owns 159,506 shares of the company’s stock worth $4,307,000 after buying an additional 1,145 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in KraneShares CSI China Internet ETF by 59.6% during the 1st 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.

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.