Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Shares Acquired by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC grew its holdings in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,458 shares of the company’s stock after buying an additional 76,472 shares during the quarter. Matthews Emerging Markets Equity Active ETF comprises 1.4% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Beaumont Financial Advisors LLC owned 0.24% of Matthews Emerging Markets Equity Active ETF worth $15,108,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Round Rock Advisors LLC lifted its holdings in shares of Matthews Emerging Markets Equity Active ETF by 18.6% in the 4th quarter. Round Rock Advisors LLC now owns 20,654 shares of the company’s stock valued at $584,000 after buying an additional 3,245 shares during the period. WealthPLAN Partners LLC acquired a new position in Matthews Emerging Markets Equity Active ETF during the fourth quarter worth $204,000. Gradient Investments LLC raised its holdings in Matthews Emerging Markets Equity Active ETF by 3.6% during the third quarter. Gradient Investments LLC now owns 1,001,233 shares of the company’s stock worth $26,322,000 after purchasing an additional 34,615 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Matthews Emerging Markets Equity Active ETF during the first quarter worth $133,000. Finally, Susquehanna International Group LLP acquired a new position in Matthews Emerging Markets Equity Active ETF during the first quarter worth $228,000.

Matthews Emerging Markets Equity Active ETF Stock Performance

MEM stock traded down $0.13 during midday trading on Friday, hitting $28.20. 2,247 shares of the stock were exchanged, compared to its average volume of 10,015. The stock’s 50-day moving average price is $28.90 and its 200-day moving average price is $27.57. The stock has a market cap of $56.40 million, a price-to-earnings ratio of 15.28 and a beta of 1.08. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $24.01 and a fifty-two week high of $29.90.

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.