KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Hits New 1-Year Low – What’s Next?

Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) hit a new 52-week low on Tuesday . The company 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 Price Performance

The firm has a market capitalization of $5.70 billion, a P/E ratio of 15.95 and a beta of 0.34. The stock has a fifty day simple moving average of $28.12 and a two-hundred day simple moving average of $31.60.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise increased its holdings in KraneShares CSI China Internet ETF by 2.9% in the third quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock worth $418,000 after purchasing an additional 284 shares in the last quarter. Magnus Financial Group LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 2.4% during the fourth quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock valued at $541,000 after acquiring an additional 380 shares in the last quarter. TAGStone Capital Inc. increased its holdings in shares of KraneShares CSI China Internet ETF by 6.1% during the fourth quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock valued at $232,000 after acquiring an additional 390 shares in the last quarter. Highline Wealth Partners LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 5.6% during the fourth quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock valued at $272,000 after acquiring an additional 424 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 6.1% during the fourth quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock valued at $289,000 after acquiring an additional 487 shares in the last quarter.

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.