Menlo Advisors LLC Has $4.05 Million Stake in Matthews Emerging Markets ex China Active ETF $MEMX

Menlo Advisors LLC reduced its holdings in shares of Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,590 shares of the company’s stock after selling 2,405 shares during the quarter. Matthews Emerging Markets ex China Active ETF makes up about 2.2% of Menlo Advisors LLC’s portfolio, making the stock its 18th biggest holding. Menlo Advisors LLC owned 0.11% of Matthews Emerging Markets ex China Active ETF worth $4,045,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. OLD Mission Capital LLC lifted its holdings in Matthews Emerging Markets ex China Active ETF by 77.7% during the 1st quarter. OLD Mission Capital LLC now owns 71,217 shares of the company’s stock valued at $1,994,000 after purchasing an additional 31,130 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Matthews Emerging Markets ex China Active ETF by 3.0% in the second quarter. Ameritas Advisory Services LLC now owns 11,280 shares of the company’s stock valued at $369,000 after purchasing an additional 330 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Matthews Emerging Markets ex China Active ETF by 10.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,939 shares of the company’s stock valued at $391,000 after purchasing an additional 1,127 shares during the period.

Matthews Emerging Markets ex China Active ETF Stock Performance

NYSEARCA MEMX opened at $36.13 on Friday. The stock has a market cap of $32.52 million, a PE ratio of 16.84 and a beta of 0.80. The firm has a 50-day moving average of $35.34 and a 200-day moving average of $33.00. Matthews Emerging Markets ex China Active ETF has a 52-week low of $25.16 and a 52-week high of $37.46.

Matthews Emerging Markets ex China Active ETF 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.