Brown Financial Advisors Sells 1,194 Shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Brown Financial Advisors trimmed its holdings in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,869 shares of the company’s stock after selling 1,194 shares during the period. Brown Financial Advisors owned about 1.71% of Matthews Emerging Markets Equity Active ETF worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Gradient Investments LLC grew its stake in Matthews Emerging Markets Equity Active ETF by 4.4% during the fourth quarter. Gradient Investments LLC now owns 458,829 shares of the company’s stock valued at $13,274,000 after acquiring an additional 19,390 shares in the last quarter. Flow Traders U.S. LLC grew its position in shares of Matthews Emerging Markets Equity Active ETF by 5.0% during the third quarter. Flow Traders U.S. LLC now owns 59,723 shares of the company’s stock valued at $1,971,000 after purchasing an additional 2,864 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Matthews Emerging Markets Equity Active ETF by 71.5% in the third quarter. Greenwich Wealth Management LLC now owns 39,948 shares of the company’s stock worth $1,319,000 after purchasing an additional 16,656 shares during the last quarter. Paladin Wealth LLC increased its holdings in shares of Matthews Emerging Markets Equity Active ETF by 3.8% in the fourth quarter. Paladin Wealth LLC now owns 12,611 shares of the company’s stock worth $365,000 after purchasing an additional 457 shares during the last quarter. Finally, JGP Wealth Management LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF in the fourth quarter worth about $266,000.

Matthews Emerging Markets Equity Active ETF Price Performance

NYSEARCA MEM opened at $29.88 on Tuesday. Matthews Emerging Markets Equity Active ETF has a 1-year low of $27.78 and a 1-year high of $36.15. The business has a 50 day simple moving average of $29.40 and a two-hundred day simple moving average of $31.02. The stock has a market capitalization of $49.60 million, a PE ratio of 16.42 and a beta of 0.90.

About Matthews Emerging Markets Equity Active ETF

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.