KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Gap Up – Still a Buy?

KraneShares CSI China Internet ETF (NYSEARCA:KWEB)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $25.51, but opened at $26.50. KraneShares CSI China Internet ETF shares last traded at $26.44, with a volume of 7,826,213 shares changing hands.

KraneShares CSI China Internet ETF Price Performance

The stock has a fifty day moving average price of $26.81 and a 200-day moving average price of $30.25. The company has a market cap of $5.26 billion, a PE ratio of 15.95 and a beta of 0.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its stake in KraneShares CSI China Internet ETF by 634.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after acquiring an additional 723 shares in the last quarter. Manchester Capital Management LLC purchased a new position in KraneShares CSI China Internet ETF during the 4th quarter valued at about $32,000. JPL Wealth Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at about $34,000. Fortitude Family Office LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $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.