OLD Mission Capital LLC Lowers Position in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

OLD Mission Capital LLC lowered its position in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 47.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 81,455 shares of the company’s stock after selling 74,360 shares during the quarter. OLD Mission Capital LLC’s holdings in Matthews Emerging Markets Equity Active ETF were worth $2,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MEM. Gradient Investments LLC boosted its stake in Matthews Emerging Markets Equity Active ETF by 4.4% in the fourth quarter. Gradient Investments LLC now owns 458,829 shares of the company’s stock valued at $13,274,000 after acquiring an additional 19,390 shares during the last quarter. JGP Wealth Management LLC bought a new stake in shares of Matthews Emerging Markets Equity Active ETF during the 4th quarter valued at $266,000. Greenwich Wealth Management LLC increased its position in shares of Matthews Emerging Markets Equity Active ETF by 5.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 41,933 shares of the company’s stock valued at $1,213,000 after buying an additional 1,985 shares during the period. Brown Financial Advisors lifted its stake in 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 worth $1,058,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Sierra Capital LLC raised its position in shares of Matthews Emerging Markets Equity Active ETF by 7.7% in the fourth quarter. Sierra Capital LLC now owns 8,834 shares of the company’s stock worth $256,000 after buying an additional 634 shares in the last quarter.

Matthews Emerging Markets Equity Active ETF Trading Up 0.4 %

Shares of MEM opened at $29.44 on Wednesday. Matthews Emerging Markets Equity Active ETF has a 12-month low of $27.78 and a 12-month high of $36.15. The company has a market cap of $48.87 million, a PE ratio of 15.50 and a beta of 0.89. The stock has a 50-day moving average price of $29.82 and a 200-day moving average price of $30.94.

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.