KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Stock Price Up 0.9% – Here’s Why

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX)’s stock price rose 0.9% during mid-day trading on Tuesday . The company traded as high as $36.70 and last traded at $36.70. Approximately 24,460 shares were traded during mid-day trading, an increase of 170% from the average daily volume of 9,066 shares. The stock had previously closed at $36.39.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

The stock’s 50-day simple moving average is $36.66 and its two-hundred day simple moving average is $34.31. The stock has a market cap of $69.73 million, a price-to-earnings ratio of 14.81 and a beta of 0.82.

KraneShares MSCI Emerging Markets ex China Index ETF Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd will be given a dividend of $1.1744 per share. This represents a dividend yield of 323.0%. The ex-dividend date of this dividend is Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. VeraBank N.A. acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the second quarter worth $705,000. Flow Traders U.S. LLC boosted its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 50.3% in the 2nd quarter. Flow Traders U.S. LLC now owns 25,944 shares of the company’s stock valued at $837,000 after purchasing an additional 8,679 shares during the period. Atwood & Palmer Inc. grew 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 purchasing an additional 2,167 shares during the last quarter. FAS Wealth Partners Inc. grew its position in KraneShares MSCI Emerging Markets ex China Index ETF by 0.6% in the 3rd quarter. FAS Wealth Partners Inc. now owns 447,175 shares of the company’s stock worth $15,475,000 after purchasing an additional 2,605 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% during the 3rd 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.

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.