Castle Wealth Management LLC Increases Stock Holdings in Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX)

Castle Wealth Management LLC lifted its stake in shares of Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,233 shares of the company’s stock after purchasing an additional 13,170 shares during the period. Matthews Emerging Markets ex China Active ETF accounts for 2.5% of Castle Wealth Management LLC’s holdings, making the stock its 8th biggest position. Castle Wealth Management LLC owned about 44.65% of Matthews Emerging Markets ex China Active ETF worth $6,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its stake in shares of Matthews Emerging Markets ex China Active ETF by 8.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 10,950 shares of the company’s stock worth $317,000 after purchasing an additional 834 shares in the last quarter. Kades & Cheifetz LLC raised its stake in Matthews Emerging Markets ex China Active ETF by 0.7% in the 4th quarter. Kades & Cheifetz LLC now owns 58,126 shares of the company’s stock valued at $1,685,000 after acquiring an additional 385 shares during the period. Jane Street Group LLC raised its stake in Matthews Emerging Markets ex China Active ETF by 46.6% in the 3rd quarter. Jane Street Group LLC now owns 64,911 shares of the company’s stock valued at $1,998,000 after acquiring an additional 20,648 shares during the period. Finally, Menlo Advisors LLC bought a new stake in Matthews Emerging Markets ex China Active ETF in the 3rd quarter valued at $4,112,000.

Matthews Emerging Markets ex China Active ETF Trading Down 0.4 %

MEMX opened at $29.20 on Thursday. Matthews Emerging Markets ex China Active ETF has a 1-year low of $27.57 and a 1-year high of $31.77. The stock’s fifty day simple moving average is $29.40 and its 200 day simple moving average is $29.96. The stock has a market cap of $14.60 million, a PE ratio of 15.06 and a beta of 0.92.

About Matthews Emerging Markets ex China Active ETF

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.