KraneShares CICC China 5G & Semiconductor ETF (NYSEARCA:KFVG) Trading Down 0.7%

Shares of KraneShares CICC China 5G & Semiconductor ETF (NYSEARCA:KFVG) fell 0.7% during mid-day trading on Friday . The stock traded as low as $14.78 and last traded at $14.80. 3,563 shares were traded during trading, an increase of 3% from the average session volume of 3,468 shares. The stock had previously closed at $14.90.

KraneShares CICC China 5G & Semiconductor ETF Stock Performance

The firm’s 50 day moving average price is $16.05 and its 200-day moving average price is $16.53. The firm has a market capitalization of $13.32 million, a PE ratio of 22.28 and a beta of 0.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Credit Suisse AG purchased a new position in KraneShares CICC China 5G & Semiconductor ETF in the 2nd quarter valued at about $1,015,000. Jane Street Group LLC lifted its stake in KraneShares CICC China 5G & Semiconductor ETF by 148.3% in the 3rd quarter. Jane Street Group LLC now owns 42,790 shares of the company’s stock valued at $625,000 after buying an additional 25,557 shares in the last quarter. Citadel Advisors LLC lifted its stake in KraneShares CICC China 5G & Semiconductor ETF by 23.3% in the 2nd quarter. Citadel Advisors LLC now owns 21,168 shares of the company’s stock valued at $413,000 after buying an additional 4,000 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in KraneShares CICC China 5G & Semiconductor ETF in the 1st quarter valued at about $238,000. Finally, Royal Bank of Canada raised its holdings in KraneShares CICC China 5G & Semiconductor ETF by 164.9% in the 3rd quarter. Royal Bank of Canada now owns 16,286 shares of the company’s stock valued at $238,000 after acquiring an additional 10,139 shares during the last quarter.

About KraneShares CICC China 5G & Semiconductor ETF

The KraneShares CICC China 5G & Semiconductor Index ETF (KFVG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap weighted index of Chinese companies in the 5G and semiconductor-related industries. KFVG was launched on Nov 24, 2020 and is managed by KraneShares.