Congress Wealth Management LLC DE Grows Position in Matthews India Active ETF (NYSEARCA:INDE)

Congress Wealth Management LLC DE increased its stake in shares of Matthews India Active ETF (NYSEARCA:INDE) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,584 shares of the company’s stock after acquiring an additional 4,320 shares during the quarter. Congress Wealth Management LLC DE owned about 54.79% of Matthews India Active ETF worth $3,269,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC bought a new stake in Matthews India Active ETF in the 3rd quarter worth approximately $715,000.

Matthews India Active ETF Price Performance

Shares of INDE opened at $27.44 on Thursday. The stock has a market capitalization of $13.17 million, a price-to-earnings ratio of 26.02 and a beta of 0.48. Matthews India Active ETF has a 1 year low of $25.72 and a 1 year high of $33.17. The business’s 50 day simple moving average is $27.15 and its 200-day simple moving average is $29.61.

Matthews India Active ETF Company Profile

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.