Sierra Capital LLC Has $256,000 Stock Holdings in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Sierra Capital LLC increased its holdings in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,834 shares of the company’s stock after purchasing an additional 634 shares during the quarter. Sierra Capital LLC owned 0.49% of Matthews Emerging Markets Equity Active ETF worth $256,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Gradient Investments LLC increased its position in shares of 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 acquiring an additional 19,390 shares in the last quarter. Greenwich Wealth Management LLC boosted its stake in Matthews Emerging Markets Equity Active ETF by 71.5% in the 3rd 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 during the period. JGP Wealth Management LLC bought a new position in Matthews Emerging Markets Equity Active ETF during the 4th quarter worth about $266,000. Flow Traders U.S. LLC raised its stake in shares of Matthews Emerging Markets Equity Active ETF by 5.0% in the 3rd 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 period. Finally, Brown Financial Advisors raised its stake 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.

Matthews Emerging Markets Equity Active ETF Price Performance

MEM stock opened at $29.88 on Tuesday. The stock has a market capitalization of $49.60 million, a P/E ratio of 16.42 and a beta of 0.90. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $27.78 and a fifty-two week high of $36.15. The business has a 50-day moving average of $29.40 and a 200-day moving average of $31.02.

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.