KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX – Get Free Report)’s share price shot up 1.4% during trading on Tuesday. The company traded as high as $48.37 and last traded at $48.36. Approximately 8,055 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 18,358 shares. The stock had previously closed at $47.67.
KraneShares MSCI Emerging Markets ex China Index ETF Stock Down 1.1%
The firm’s 50 day simple moving average is $50.78 and its two-hundred day simple moving average is $47.28. The stock has a market cap of $126.20 million, a P/E ratio of 14.81 and a beta of 0.90.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of KEMX. Invested Advisors boosted its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 108.4% in the third quarter. Invested Advisors now owns 7,955 shares of the company’s stock valued at $407,000 after acquiring an additional 4,138 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the second quarter valued at approximately $461,000. SFG Wealth Management LLC. grew its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 78.3% during the second quarter. SFG Wealth Management LLC. now owns 18,879 shares of the company’s stock valued at $991,000 after purchasing an additional 8,292 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth approximately $404,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth approximately $47,000.
KraneShares MSCI Emerging Markets ex China Index ETF Company Profile
The KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks the investment results of an index focused on large-cap and mid-cap companies within emerging market countries, excluding China. KEMX was launched on Apr 12, 2019 and is managed by KraneShares.
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