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) 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 Stock Down 3.2%

The business’s 50 day simple moving average is $50.69 and its two-hundred day simple moving average is $47.37. The stock has a market cap of $122.23 million, a P/E ratio of 14.81 and a beta of 0.90.

Institutional Investors Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter valued at about $1,114,000. Invested Advisors boosted its stake in shares of 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 valued at $407,000 after purchasing an additional 4,138 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the second quarter valued at about $461,000. SFG Wealth Management LLC. boosted its stake 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 valued at $991,000 after purchasing an additional 8,292 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth about $404,000.

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.