KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $25.51, but opened at $26.50. KraneShares CSI China Internet ETF shares last traded at $26.44, with a volume of 7,826,213 shares traded.
KraneShares CSI China Internet ETF Stock Performance
The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. The firm’s fifty day simple moving average is $26.88 and its 200 day simple moving average is $30.39.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of 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 worth $818,000 after buying an additional 2,383 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the first quarter valued at approximately $1,518,000. Creative Planning lifted its stake 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 buying an additional 2,579 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of KraneShares CSI China Internet ETF by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after acquiring an additional 683 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in shares of KraneShares CSI China Internet ETF in the second quarter valued at approximately $275,000.
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.
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