Brown Financial Advisors Increases Stock Holdings in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Brown Financial Advisors increased its stake in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 6.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,063 shares of the company’s stock after acquiring an additional 1,808 shares during the period. Brown Financial Advisors’ holdings in Matthews Emerging Markets Equity Active ETF were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Greenwich Wealth Management LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 5.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 23,292 shares of the company’s stock worth $712,000 after buying an additional 1,175 shares in the last quarter. Mattson Financial Services LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF during the second quarter worth about $649,000. Beaumont Financial Advisors LLC lifted its stake in shares of Matthews Emerging Markets Equity Active ETF by 0.4% in the third quarter. Beaumont Financial Advisors LLC now owns 519,721 shares of the company’s stock worth $17,155,000 after acquiring an additional 1,995 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF in the third quarter worth about $401,000. Finally, Flow Traders U.S. LLC boosted its holdings in Matthews Emerging Markets Equity Active ETF by 5.0% in 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 during the last quarter.

Matthews Emerging Markets Equity Active ETF Stock Down 1.7 %

MEM stock opened at $32.20 on Wednesday. The stock’s 50 day moving average is $32.68 and its two-hundred day moving average is $31.30. Matthews Emerging Markets Equity Active ETF has a 52-week low of $26.64 and a 52-week high of $36.15. The company has a market capitalization of $57.96 million, a PE ratio of 15.89 and a beta of 0.90.

Matthews Emerging Markets Equity Active ETF Company 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.