New Insight Wealth Advisors Cuts Stake in Matthews Asia Innovators Active ETF (NYSEARCA:MINV)

New Insight Wealth Advisors reduced its position in Matthews Asia Innovators Active ETF (NYSEARCA:MINV) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,048 shares of the company’s stock after selling 2,617 shares during the period. New Insight Wealth Advisors owned approximately 1.63% of Matthews Asia Innovators Active ETF worth $1,207,000 as of its most recent SEC filing.

Separately, HighTower Advisors LLC increased its holdings in shares of Matthews Asia Innovators Active ETF by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 38,362 shares of the company’s stock worth $1,092,000 after acquiring an additional 711 shares during the period.

Matthews Asia Innovators Active ETF Stock Performance

Shares of MINV opened at $28.96 on Monday. The firm has a market capitalization of $68.06 million, a price-to-earnings ratio of 22.92 and a beta of 0.84. The stock’s fifty day moving average is $28.01 and its 200-day moving average is $28.06. Matthews Asia Innovators Active ETF has a one year low of $24.19 and a one year high of $30.25.

Matthews Asia Innovators Active ETF Profile

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.