Hsbc Holdings PLC Raises Holdings in KraneShares CSI China Internet ETF $KWEB

Hsbc Holdings PLC increased its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 41.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,606 shares of the company’s stock after buying an additional 24,731 shares during the period. Hsbc Holdings PLC’s holdings in KraneShares CSI China Internet ETF were worth $2,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in shares of KraneShares CSI China Internet ETF by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock worth $818,000 after acquiring an additional 2,383 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 1st quarter worth $1,518,000. Creative Planning boosted its position in KraneShares CSI China Internet ETF by 38.9% during 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 in the last quarter. Baird Financial Group Inc. boosted its position in KraneShares CSI China Internet ETF by 2.9% during 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 in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new position in KraneShares CSI China Internet ETF in the second quarter valued at about $275,000.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $23.94 on Monday. The firm has a market capitalization of $5.38 billion, a PE ratio of 15.95 and a beta of 0.34. The business’s 50-day moving average is $27.51 and its two-hundred day moving average is $30.96. KraneShares CSI China Internet ETF has a 1 year low of $23.23 and a 1 year high of $43.37.

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.