Paladin Wealth LLC Grows Stake in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Paladin Wealth LLC boosted its holdings in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,611 shares of the company’s stock after buying an additional 457 shares during the quarter. Paladin Wealth LLC’s holdings in Matthews Emerging Markets Equity Active ETF were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Gradient Investments LLC lifted 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 valued at $13,274,000 after purchasing an additional 19,390 shares in the last quarter. JGP Wealth Management LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF during the fourth quarter worth about $266,000. Brown Financial Advisors grew its holdings in Matthews Emerging Markets Equity Active ETF by 6.0% during the 3rd quarter. Brown Financial Advisors now owns 32,063 shares of the company’s stock valued at $1,058,000 after buying an additional 1,808 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in shares of Matthews Emerging Markets Equity Active ETF by 5.0% in the third quarter. Flow Traders U.S. LLC now owns 59,723 shares of the company’s stock worth $1,971,000 after buying an additional 2,864 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in shares of 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 during the last quarter.

Matthews Emerging Markets Equity Active ETF Stock Up 1.0 %

Shares of Matthews Emerging Markets Equity Active ETF stock opened at $29.92 on Tuesday. The firm has a market cap of $53.86 million, a price-to-earnings ratio of 15.89 and a beta of 0.90. The business has a 50-day moving average price of $29.79 and a 200-day moving average price of $30.97. Matthews Emerging Markets Equity Active ETF has a twelve month low of $27.67 and a twelve month high of $36.15.

About Matthews Emerging Markets Equity Active ETF

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.