KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Up 1.1% – Time to Buy?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ)’s stock price rose 1.1% during mid-day trading on Monday . The stock traded as high as $27.39 and last traded at $27.27. Approximately 38,097 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 29,137 shares. The stock had previously closed at $26.97.

KraneShares Emerging Markets Consumer Technology ETF Trading Up 1.1%

The company has a market capitalization of $43.63 million, a P/E ratio of 18.05 and a beta of 0.83. The company’s 50 day moving average is $25.74 and its 200-day moving average is $25.17.

KraneShares Emerging Markets Consumer Technology ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a $1.2982 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 529.0%.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A hedge fund recently raised its stake in KraneShares Emerging Markets Consumer Technology ETF stock. Raymond James Financial Inc. lifted its stake in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) by 1,863.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,798 shares of the company’s stock after purchasing an additional 39,669 shares during the quarter. Raymond James Financial Inc. owned about 2.46% of KraneShares Emerging Markets Consumer Technology ETF worth $1,102,000 at the end of the most recent reporting period.

About KraneShares Emerging Markets Consumer Technology ETF

The KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a committee-selected, tier-weighted index of 50 emerging market technology companies. KEMQ was launched on Oct 11, 2017 and is managed by KraneShares.