KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Reaches New 1-Year Low – Here’s Why

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.85 and last traded at $25.92, with a volume of 5566119 shares. The stock had previously closed at $26.62.

KraneShares CSI China Internet ETF Stock Performance

The firm has a market capitalization of $5.83 billion, a PE ratio of 15.95 and a beta of 0.34. The company has a fifty day moving average price of $28.22 and a 200-day moving average price of $31.77.

Institutional Trading of KraneShares CSI China Internet ETF

Hedge funds have recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $34,000. SBI Securities Co. Ltd. increased its position in shares of KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after purchasing an additional 723 shares during the last quarter. Manchester Capital Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $32,000. Fortitude Family Office LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $45,000.

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.