Gradient Investments LLC Raises Stake in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Gradient Investments LLC lifted its holdings in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 458,829 shares of the company’s stock after acquiring an additional 19,390 shares during the period. Gradient Investments LLC owned 0.25% of Matthews Emerging Markets Equity Active ETF worth $13,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brown Financial Advisors purchased a new position in shares of Matthews Emerging Markets Equity Active ETF during the second quarter worth about $925,000. Mattson Financial Services LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF during the second quarter worth about $649,000. Greenwich Wealth Management LLC raised its holdings in Matthews Emerging Markets Equity Active ETF by 71.5% during 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 in the last quarter. Paladin Wealth LLC acquired a new stake in Matthews Emerging Markets Equity Active ETF in the third quarter valued at about $401,000. Finally, JGP Wealth Management LLC purchased a new stake in Matthews Emerging Markets Equity Active ETF in the 4th quarter valued at approximately $266,000.

Matthews Emerging Markets Equity Active ETF Price Performance

Shares of MEM stock opened at $29.40 on Friday. The business’s fifty day moving average price is $30.32 and its 200 day moving average price is $31.09. The firm has a market capitalization of $52.92 million, a PE ratio of 15.89 and a beta of 0.90. Matthews Emerging Markets Equity Active ETF has a 1-year low of $26.93 and a 1-year high of $36.15.

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.