Royal Bank of Canada lowered its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 13.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 980,277 shares of the company’s stock after selling 158,521 shares during the quarter. Royal Bank of Canada owned 0.44% of KraneShares CSI China Internet ETF worth $27,870,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KWEB. Polar Asset Management Partners Inc. purchased a new stake in shares of KraneShares CSI China Internet ETF in the 1st quarter worth about $5,009,000. SummitTX Capital L.P. purchased a new position in shares of KraneShares CSI China Internet ETF during the first quarter valued at about $389,000. Morningstar Investment Management LLC bought a new position in KraneShares CSI China Internet ETF in the first quarter worth about $8,959,000. Compass Rose Asset Management LP raised its stake in KraneShares CSI China Internet ETF by 123.6% in the first quarter. Compass Rose Asset Management LP now owns 1,230,000 shares of the company’s stock worth $34,969,000 after buying an additional 680,000 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in KraneShares CSI China Internet ETF in the first quarter worth about $912,000.
KraneShares CSI China Internet ETF Stock Performance
Shares of NYSEARCA:KWEB opened at $28.89 on Wednesday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 15.95 and a beta of 0.36. The stock has a 50 day moving average price of $26.32 and a 200-day moving average price of $29.21. KraneShares CSI China Internet ETF has a 52-week low of $23.23 and a 52-week high of $43.37.
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.
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