KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Up 1.2% – Still a Buy?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shares shot up 1.2% on Tuesday . The stock traded as high as $25.38 and last traded at $25.33. 4,868 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 22,184 shares. The stock had previously closed at $25.04.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The company’s fifty day simple moving average is $25.47 and its 200-day simple moving average is $25.04. The firm has a market capitalization of $25.33 million, a PE ratio of 18.05 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position in KraneShares Emerging Markets Consumer Technology ETF by 100.0% during the 4th quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock valued at $1,063,000 after buying an additional 21,556 shares in the last quarter. LPL Financial LLC boosted its holdings in KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock worth $14,405,000 after acquiring an additional 456,361 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock worth $417,000 after acquiring an additional 7,970 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 1,863.3% during the third quarter. Raymond James Financial Inc. now owns 41,798 shares of the company’s stock worth $1,102,000 after acquiring an additional 39,669 shares during the last quarter.

About KraneShares Emerging Markets Consumer Technology ETF

The KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a committee-selected, tier-weighted index of 50 emerging market technology companies. KEMQ was launched on Oct 11, 2017 and is managed by KraneShares.