Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Invests $6.93 Million in KraneShares CSI China Internet ETF $KWEB

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 283,109 shares of the company’s stock, valued at approximately $6,928,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD owned about 0.14% of KraneShares CSI China Internet ETF at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in KraneShares CSI China Internet ETF by 32.1% in the 1st quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock worth $315,308,000 after buying an additional 2,693,759 shares during the period. Temasek Holdings Private Ltd raised its holdings in shares of KraneShares CSI China Internet ETF by 98.5% during the fourth 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. Rafferty Asset Management LLC lifted its stake in KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. Rafferty Asset Management LLC now owns 4,302,191 shares of the company’s stock worth $146,490,000 after acquiring an additional 247,264 shares during the period. Krane Funds Advisors LLC increased its position in KraneShares CSI China Internet ETF by 19.6% during 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 period. Finally, Quadrature Capital Ltd raised its stake in KraneShares CSI China Internet ETF by 13.1% in the fourth quarter. Quadrature Capital Ltd now owns 2,688,631 shares of the company’s stock worth $91,548,000 after buying an additional 311,213 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

KWEB stock opened at $25.36 on Wednesday. KraneShares CSI China Internet ETF has a fifty-two week low of $23.23 and a fifty-two week high of $43.37. The business’s 50 day moving average price is $26.78 and its two-hundred day moving average price is $27.82. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35.

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.