KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA – Get Free Report)’s share price dropped 1.3% during mid-day trading on Monday . The company traded as low as $23.47 and last traded at $23.50. Approximately 82,453 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 101,650 shares. The stock had previously closed at $23.81.
KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance
The stock has a 50 day moving average of $23.25 and a 200-day moving average of $23.75. The firm has a market capitalization of $171.86 million, a P/E ratio of 14.33 and a beta of 0.38.
Institutional Investors Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF
Several hedge funds and other institutional investors have recently modified their holdings of KBA. Wells Fargo & Company MN increased its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 353.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the company’s stock valued at $136,000 after buying an additional 4,527 shares during the period. Basso Capital Management L.P. purchased a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $188,000. Walleye Capital LLC purchased a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $218,000. Raymond James Financial Inc. purchased a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $255,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $407,000.
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.
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