Royal Bank of Canada Lowers Holdings in KraneShares CSI China Internet ETF $KWEB

Royal Bank of Canada decreased its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 13.9% during the first quarter, HoldingsChannel.com reports. The firm owned 980,277 shares of the company’s stock after selling 158,521 shares during the quarter. Royal Bank of Canada’s holdings in KraneShares CSI China Internet ETF were worth $27,870,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its holdings 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 buying an additional 3,225,790 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $70,667,000. BlueCrest Capital Management Ltd grew its holdings in shares of KraneShares CSI China Internet ETF by 421.5% during 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 last quarter. Robinhood Asset Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $54,053,000. Finally, SG Americas Securities LLC increased its position in shares of 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 acquiring an additional 1,468,208 shares in the last quarter.

KraneShares CSI China Internet ETF Trading Up 0.5%

KWEB stock opened at $28.89 on Wednesday. The stock has a market capitalization of $5.72 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 12-month low of $23.23 and a 12-month high of $43.37. The stock’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $29.21.

About KraneShares CSI China Internet ETF

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.