KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA – Get Free Report) shares were up 0.4% on Monday. The stock traded as high as $29.74 and last traded at $29.61. Approximately 21,197 shares traded hands during trading, a decline of 75% from the average daily volume of 83,870 shares. The stock had previously closed at $29.50.
KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance
The firm has a fifty day moving average price of $32.03 and a 200 day moving average price of $32.87. The firm has a market capitalization of $111.04 million, a PE ratio of 13.75 and a beta of 0.19.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% in the 1st quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock worth $2,855,000 after purchasing an additional 40,102 shares during the period. Ascentis Independent Advisors purchased a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF during the 1st quarter worth approximately $632,000. Citadel Advisors LLC acquired a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF during the 2nd quarter valued at $680,000. Corient Private Wealth LP acquired a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF during the 2nd quarter valued at $296,000. Finally, Envestnet Asset Management Inc. raised its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,617 shares of the company’s stock valued at $3,325,000 after purchasing an additional 8,577 shares during the period.
About KraneShares Bosera MSCI China A 50 Connect Index ETF
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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