Vestmark Advisory Solutions Inc. Buys New Position in Matthews Emerging Markets Equity Active ETF $MEM

Vestmark Advisory Solutions Inc. purchased a new position in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 77,695 shares of the company’s stock, valued at approximately $2,525,000. Vestmark Advisory Solutions Inc. owned about 6.37% of Matthews Emerging Markets Equity Active ETF as of its most recent SEC filing.

Separately, JGP Wealth Management LLC boosted its holdings in shares of Matthews Emerging Markets Equity Active ETF by 0.3% in the second quarter. JGP Wealth Management LLC now owns 151,807 shares of the company’s stock valued at $4,934,000 after acquiring an additional 514 shares during the period.

Matthews Emerging Markets Equity Active ETF Trading Down 0.3%

Shares of MEM opened at $36.72 on Monday. The company’s 50 day simple moving average is $36.15 and its 200-day simple moving average is $33.46. The firm has a market cap of $40.39 million, a PE ratio of 15.50 and a beta of 0.81. Matthews Emerging Markets Equity Active ETF has a 12-month low of $26.07 and a 12-month high of $38.07.

Matthews Emerging Markets Equity Active ETF Company Profile

The Matthews Emerging Markets Equity Active ETF (MEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market companies with perceived sustainable growth potential. MEM was launched on Jul 13, 2022 and is managed by Matthews.