KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Shares Up 0.6% – Still a Buy?

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) shares were up 0.6% during trading on Tuesday . The stock traded as high as $41.59 and last traded at $39.75. Approximately 202,760 shares were traded during trading, an increase of 746% from the average daily volume of 23,963 shares. The stock had previously closed at $39.52.

KraneShares MSCI Emerging Markets ex China Index ETF Trading Up 0.6%

The firm has a market cap of $75.53 million, a PE ratio of 14.81 and a beta of 0.82. The firm has a 50 day moving average price of $37.33 and a 200-day moving average price of $35.24.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.0418 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 11.0%.

Institutional Investors Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

Institutional investors have recently modified their holdings of the company. VeraBank N.A. purchased a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the second quarter valued at $705,000. Jane Street Group LLC lifted its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% during the 1st quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock worth $6,526,000 after buying an additional 77,922 shares during the last quarter. SFG Wealth Management LLC. acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 3rd quarter worth about $377,000. Susquehanna International Group LLP purchased a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at about $248,000. Finally, IFP Advisors Inc increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% in the 3rd quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock valued at $64,000 after acquiring an additional 443 shares during the last quarter.

About KraneShares MSCI Emerging Markets ex China Index ETF

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.