KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Share Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $47.37 and traded as low as $46.65. KraneShares MSCI Emerging Markets ex China Index ETF shares last traded at $47.01, with a volume of 4,159 shares.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

The firm has a market capitalization of $122.23 million, a P/E ratio of 14.81 and a beta of 0.90. The company has a fifty day moving average of $50.69 and a 200 day moving average of $47.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter valued at $1,114,000. SFG Wealth Management LLC. increased its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 78.3% during the second quarter. SFG Wealth Management LLC. now owns 18,879 shares of the company’s stock worth $991,000 after buying an additional 8,292 shares during the period. Cetera Investment Advisers acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth $404,000. Envestnet Asset Management Inc. bought a new position in KraneShares MSCI Emerging Markets ex China Index ETF during the second quarter worth $461,000. Finally, Invested Advisors raised its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 108.4% during the third quarter. Invested Advisors now owns 7,955 shares of the company’s stock worth $407,000 after buying an additional 4,138 shares during the last quarter.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

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.