Clal Insurance Enterprises Holdings Ltd Purchases 770,000 Shares of KraneShares CSI China Internet ETF $KWEB

Clal Insurance Enterprises Holdings Ltd increased its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 54.4% during the 1st quarter, HoldingsChannel reports. The fund owned 2,186,516 shares of the company’s stock after purchasing an additional 770,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in KraneShares CSI China Internet ETF were worth $62,163,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KWEB. Temasek Holdings Private Ltd increased its position in KraneShares CSI China Internet ETF by 98.5% in the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares during the period. Rafferty Asset Management LLC lifted its position in KraneShares CSI China Internet ETF by 6.1% during the 4th quarter. Rafferty Asset Management LLC now owns 4,302,191 shares of the company’s stock valued at $146,490,000 after purchasing an additional 247,264 shares during the period. Krane Funds Advisors LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 19.6% in the 4th quarter. Krane Funds Advisors LLC now owns 3,856,700 shares of the company’s stock valued at $131,321,000 after purchasing an additional 631,799 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of KraneShares CSI China Internet ETF by 0.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after purchasing an additional 12,467 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of KraneShares CSI China Internet ETF by 13.1% in the 4th quarter. Quadrature Capital Ltd now owns 2,688,631 shares of the company’s stock valued at $91,548,000 after purchasing an additional 311,213 shares during the last quarter.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSEARCA:KWEB opened at $27.02 on Wednesday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. The company has a 50 day moving average of $26.44 and a 200-day moving average of $29.81. KraneShares CSI China Internet ETF has a one year low of $23.23 and a one year high of $43.37.

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.