KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Shares Up 0.6% – Time to Buy?

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) shares were up 0.6% during mid-day trading on Thursday . The stock traded as high as $33.39 and last traded at $33.37. Approximately 24,432 shares changed hands during trading, a decline of 77% from the average daily volume of 104,752 shares. The stock had previously closed at $33.17.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Up 0.6%

The firm’s 50-day moving average price is $33.76 and its 200 day moving average price is $32.21. The firm has a market cap of $148.50 million, a P/E ratio of 13.75 and a beta of 0.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. increased its stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 10.5% in the second quarter. Osaic Holdings Inc. now owns 4,132 shares of the company’s stock valued at $100,000 after purchasing an additional 394 shares during the period. IFP Advisors Inc boosted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 446.6% during the third quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $36,000 after buying an additional 987 shares during the period. Raymond James Financial Inc. grew its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 22.6% in the 3rd quarter. Raymond James Financial Inc. now owns 11,412 shares of the company’s stock worth $343,000 after buying an additional 2,105 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 783.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,818 shares of the company’s stock worth $118,000 after buying an additional 3,386 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF in the 1st quarter valued at approximately $132,000.

About KraneShares Bosera MSCI China A 50 Connect Index ETF

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.