Sierra Capital LLC Buys 634 Shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Sierra Capital LLC increased its stake in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,834 shares of the company’s stock after purchasing an additional 634 shares during the quarter. Sierra Capital LLC’s holdings in Matthews Emerging Markets Equity Active ETF were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenwich Wealth Management LLC raised its position 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 acquiring an additional 16,656 shares in the last quarter. Flow Traders U.S. LLC increased its stake in shares of Matthews Emerging Markets Equity Active ETF by 5.0% during the 3rd quarter. Flow Traders U.S. LLC now owns 59,723 shares of the company’s stock worth $1,971,000 after purchasing an additional 2,864 shares during the last quarter. Brown Financial Advisors raised its holdings in shares of Matthews Emerging Markets Equity Active ETF by 6.0% in the 3rd quarter. Brown Financial Advisors now owns 32,063 shares of the company’s stock valued at $1,058,000 after purchasing an additional 1,808 shares during the period. JGP Wealth Management LLC acquired a new stake in Matthews Emerging Markets Equity Active ETF in the 4th quarter valued at about $266,000. Finally, Gradient Investments LLC grew its holdings in Matthews Emerging Markets Equity Active ETF by 4.4% during the fourth quarter. Gradient Investments LLC now owns 458,829 shares of the company’s stock worth $13,274,000 after purchasing an additional 19,390 shares during the period.

Matthews Emerging Markets Equity Active ETF Price Performance

MEM stock opened at $29.88 on Tuesday. The stock has a market cap of $49.60 million, a price-to-earnings ratio of 16.42 and a beta of 0.90. The company has a fifty day moving average price of $29.40 and a two-hundred day moving average price of $31.02. Matthews Emerging Markets Equity Active ETF has a one year low of $27.78 and a one year high of $36.15.

Matthews Emerging Markets Equity Active ETF 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.