KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Stock Price Down 3.8% – Here’s Why

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) shares dropped 3.8% during trading on Thursday . The company traded as low as $39.49 and last traded at $39.49. Approximately 36,352 shares were traded during trading, a decline of 2% from the average daily volume of 37,158 shares. The stock had previously closed at $41.06.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

The firm has a market cap of $78.98 million, a P/E ratio of 14.81 and a beta of 0.82. The company’s 50 day moving average is $42.12 and its two-hundred day moving average is $38.35.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

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

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its position in KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% in the third quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock worth $64,000 after purchasing an additional 443 shares during the period. Atwood & Palmer Inc. increased its holdings 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 valued at $79,000 after buying an additional 2,167 shares during the period. Susquehanna International Group LLP acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at $248,000. Janney Montgomery Scott LLC raised 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 valued at $402,000 after buying an additional 375 shares in the last quarter. Finally, SFG Wealth Management LLC. bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 3rd quarter worth about $377,000.

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.