Matthews International Capital Management LLC acquired a new stake in shares of Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 116,848 shares of the company’s stock, valued at approximately $5,594,000. Matthews Emerging Markets ex China Active ETF makes up about 2.3% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Matthews International Capital Management LLC owned 0.10% of Matthews Emerging Markets ex China Active ETF at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in shares of Matthews Emerging Markets ex China Active ETF by 78.7% in the first quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock valued at $164,000 after purchasing an additional 1,791 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Matthews Emerging Markets ex China Active ETF by 19.3% during the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock worth $457,000 after purchasing an additional 1,480 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of Matthews Emerging Markets ex China Active ETF by 107.8% during the second quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock worth $839,000 after purchasing an additional 8,715 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Matthews Emerging Markets ex China Active ETF during the third quarter worth about $1,050,000.
Matthews Emerging Markets ex China Active ETF Stock Down 0.7%
MEMX opened at $42.05 on Wednesday. Matthews Emerging Markets ex China Active ETF has a twelve month low of $35.34 and a twelve month high of $51.52. The company has a 50-day moving average price of $46.42 and a 200 day moving average price of $45.38. The company has a market cap of $50.46 million, a PE ratio of 12.81 and a beta of 0.99.
Matthews Emerging Markets ex China Active ETF Company Profile
The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.
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