KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Hits New 52-Week Low – Here’s Why

KraneShares CSI China Internet ETF (NYSEARCA:KWEB)’s share price reached a new 52-week low on Monday . The stock traded as low as $23.23 and last traded at $24.37, with a volume of 283225 shares traded. The stock had previously closed at $23.94.

KraneShares CSI China Internet ETF Trading Up 2.0%

The firm has a market cap of $5.49 billion, a PE ratio of 15.95 and a beta of 0.34. The company’s 50-day moving average is $27.51 and its 200 day moving average is $30.96.

Institutional Trading of KraneShares CSI China Internet ETF

Several large investors have recently added to or reduced their stakes in KWEB. GFG Capital LLC acquired a new position in KraneShares CSI China Internet ETF during the fourth quarter valued at $668,000. Robinhood Asset Management LLC acquired a new stake in KraneShares CSI China Internet ETF during the 4th quarter worth about $54,053,000. NewEdge Wealth LLC boosted its position in KraneShares CSI China Internet ETF by 67.8% during the 4th quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock worth $7,514,000 after acquiring an additional 89,143 shares during the period. Temasek Holdings Private Ltd grew its stake in KraneShares CSI China Internet ETF by 98.5% during the 4th quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock valued at $221,304,000 after acquiring an additional 3,225,790 shares in the last quarter. Finally, Quattro Financial Advisors LLC purchased a new position in KraneShares CSI China Internet ETF during the 4th quarter valued at about $2,676,000.

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.