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

Clal Insurance Enterprises Holdings Ltd lifted its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 54.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,186,516 shares of the company’s stock after buying an additional 770,000 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 0.97% of KraneShares CSI China Internet ETF worth $62,163,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TAGStone Capital Inc. boosted its stake in KraneShares CSI China Internet ETF by 6.1% in the 4th quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock valued at $232,000 after buying an additional 390 shares in the last quarter. Highline Wealth Partners LLC raised its stake in 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 worth $272,000 after acquiring an additional 424 shares in the last quarter. Larson Financial Group LLC lifted 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 during the period. Signaturefd LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 3.8% during the fourth quarter. Signaturefd LLC now owns 13,927 shares of the company’s stock valued at $474,000 after acquiring an additional 512 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of KraneShares CSI China Internet ETF by 2.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,415 shares of the company’s stock valued at $729,000 after purchasing an additional 536 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA:KWEB opened at $27.02 on Wednesday. The company’s fifty day moving average is $26.44 and its 200-day moving average is $29.81. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The company has a market capitalization of $5.35 billion, a PE 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.