Clal Insurance Enterprises Holdings Ltd lowered its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 53.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,416,516 shares of the company’s stock after selling 1,610,484 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned approximately 0.59% of KraneShares CSI China Internet ETF worth $48,232,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in shares of KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after buying an additional 723 shares in the last quarter. Manchester Capital Management LLC bought a new position in KraneShares CSI China Internet ETF during the fourth quarter worth $32,000. JPL Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF during the third quarter worth $34,000. Fortitude Family Office LLC bought a new position in KraneShares CSI China Internet ETF during the fourth quarter worth $45,000. Finally, Compagnie Lombard Odier SCmA bought a new position in KraneShares CSI China Internet ETF during the fourth quarter worth $45,000.
KraneShares CSI China Internet ETF Price Performance
Shares of KWEB opened at $26.49 on Friday. The business’s fifty day moving average price is $28.25 and its 200 day moving average price is $31.88. KraneShares CSI China Internet ETF has a 12-month low of $25.90 and a 12-month high of $43.37. The stock has a market capitalization of $5.95 billion, a PE ratio of 15.95 and a beta of 0.34.
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.
Further Reading
- Five stocks we like better than KraneShares CSI China Internet ETF
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for KraneShares CSI China Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares CSI China Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
