Beaumont Financial Advisors LLC Purchases 1,995 Shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Beaumont Financial Advisors LLC grew its position in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 519,721 shares of the company’s stock after buying an additional 1,995 shares during the quarter. Matthews Emerging Markets Equity Active ETF accounts for approximately 1.3% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Beaumont Financial Advisors LLC owned approximately 0.29% of Matthews Emerging Markets Equity Active ETF worth $17,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Greenwich Wealth Management LLC lifted its stake 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 valued at $712,000 after acquiring an additional 1,175 shares in the last quarter. Brown Financial Advisors acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF in the second quarter valued at approximately $925,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF in the second quarter valued at approximately $649,000.

Matthews Emerging Markets Equity Active ETF Trading Up 0.3 %

Shares of MEM opened at $33.67 on Friday. The stock has a market capitalization of $60.60 million, a price-to-earnings ratio of 15.89 and a beta of 0.90. Matthews Emerging Markets Equity Active ETF has a 12 month low of $24.01 and a 12 month high of $34.83. The firm has a fifty day simple moving average of $31.15 and a 200 day simple moving average of $30.43.

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.