KraneShares CSI China Internet ETF $KWEB Stock Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 72.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,700 shares of the company’s stock after selling 818,300 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of KraneShares CSI China Internet ETF worth $8,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KWEB. Temasek Holdings Private Ltd grew its stake in 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 valued at $221,304,000 after acquiring an additional 3,225,790 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter worth approximately $70,667,000. BlueCrest Capital Management Ltd lifted its stake in shares of KraneShares CSI China Internet ETF by 421.5% in the third quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock valued at $89,385,000 after buying an additional 1,719,701 shares during the period. Robinhood Asset Management LLC acquired a new stake in KraneShares CSI China Internet ETF during the fourth quarter worth $54,053,000. Finally, SG Americas Securities LLC boosted its holdings in KraneShares CSI China Internet ETF by 652.0% during the first quarter. SG Americas Securities LLC now owns 1,693,386 shares of the company’s stock valued at $48,143,000 after purchasing an additional 1,468,208 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA KWEB opened at $28.49 on Monday. The stock has a market cap of $5.64 billion, a PE ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 52-week low of $23.23 and a 52-week high of $43.37. The business has a fifty day moving average of $26.25 and a two-hundred day moving average of $29.32.

KraneShares CSI China Internet ETF 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.