Hsbc Holdings PLC Grows Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Hsbc Holdings PLC grew its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 41.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,606 shares of the company’s stock after acquiring an additional 24,731 shares during the period. Hsbc Holdings PLC’s holdings in KraneShares CSI China Internet ETF were worth $2,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KWEB. Robinhood Asset Management LLC purchased a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $54,053,000. GFG Capital LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter worth $668,000. NewEdge Wealth LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 67.8% in the 4th quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock worth $7,514,000 after buying an additional 89,143 shares during the period. Temasek Holdings Private Ltd grew its position in shares of 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 worth $221,304,000 after buying an additional 3,225,790 shares in the last quarter. Finally, Quattro Financial Advisors LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth $2,676,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KraneShares CSI China Internet ETF stock opened at $23.94 on Monday. The firm has a market cap of $5.38 billion, a P/E ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a 12 month low of $23.23 and a 12 month high of $43.37. The stock’s fifty day moving average price is $27.51 and its 200-day moving average price is $30.96.

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.