Palladiem LLC purchased a new position in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 86,394 shares of the company’s stock, valued at approximately $3,106,000. Matthews Emerging Markets Equity Active ETF makes up 2.9% of Palladiem LLC’s investment portfolio, making the stock its 14th biggest position. Palladiem LLC owned approximately 0.07% of Matthews Emerging Markets Equity Active ETF as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Matthews Emerging Markets Equity Active ETF by 15.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,989 shares of the company’s stock worth $71,000 after purchasing an additional 261 shares in the last quarter. Welch Financial Planning LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF during the fourth quarter worth approximately $258,000. Raymond James Financial Inc. purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF during the third quarter worth approximately $302,000. Osaic Holdings Inc. increased its position in shares of Matthews Emerging Markets Equity Active ETF by 229.1% during the second quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock worth $526,000 after purchasing an additional 11,265 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Matthews Emerging Markets Equity Active ETF by 51.3% during the third quarter. Susquehanna International Group LLP now owns 16,218 shares of the company’s stock worth $588,000 after purchasing an additional 5,500 shares in the last quarter.
Matthews Emerging Markets Equity Active ETF Stock Performance
NYSEARCA MEM opened at $42.61 on Friday. The stock’s fifty day moving average is $41.83 and its two-hundred day moving average is $39.24. The firm has a market capitalization of $55.39 million, a P/E ratio of 15.50 and a beta of 0.91. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $31.36 and a fifty-two week high of $46.73.
Matthews Emerging Markets Equity Active ETF 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.
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