KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Shares Down 0.4% – Here’s What Happened

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA)’s share price traded down 0.4% during trading on Thursday . The stock traded as low as $32.95 and last traded at $33.00. Approximately 8,254 shares were traded during trading, a decline of 91% from the average session volume of 96,718 shares. The stock had previously closed at $33.12.

KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance

The stock has a market capitalization of $146.39 million, a price-to-earnings ratio of 13.75 and a beta of 0.18. The firm’s fifty day moving average is $33.64 and its 200-day moving average is $32.46.

Institutional Investors Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 446.6% in the third quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $36,000 after purchasing an additional 987 shares during the period. Osaic Holdings Inc. grew its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,132 shares of the company’s stock valued at $100,000 after buying an additional 394 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 783.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,818 shares of the company’s stock worth $118,000 after acquiring an additional 3,386 shares during the period. Fifth Third Bancorp bought a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF in the first quarter worth about $132,000. Finally, Kestra Advisory Services LLC acquired a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF in the fourth quarter valued at approximately $188,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.