KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Trading Up 2.4% – Should You Buy?

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) rose 2.4% on Wednesday . The stock traded as high as $43.99 and last traded at $43.99. Approximately 23,631 shares traded hands during trading, a decline of 31% from the average daily volume of 34,248 shares. The stock had previously closed at $42.95.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Up 2.4%

The business has a fifty day simple moving average of $39.07 and a 200-day simple moving average of $36.27. The firm has a market cap of $87.98 million, a P/E ratio of 14.81 and a beta of 0.82.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

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

Hedge Funds Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock worth $402,000 after buying an additional 375 shares during the last quarter. IFP Advisors Inc increased its holdings in 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 worth $64,000 after buying an additional 443 shares in the last quarter. Atwood & Palmer Inc. raised its position in KraneShares MSCI Emerging Markets ex China Index ETF by 1,852.1% in the 3rd quarter. Atwood & Palmer Inc. now owns 2,284 shares of the company’s stock worth $79,000 after buying an additional 2,167 shares during the last quarter. Thomasville National Bank lifted its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% during the 4th quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock valued at $5,180,000 after acquiring an additional 2,237 shares during the period. Finally, FAS Wealth Partners Inc. boosted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 0.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 447,175 shares of the company’s stock valued at $15,475,000 after acquiring an additional 2,605 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.