Gradient Investments LLC Buys 19,390 Shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Gradient Investments LLC grew its stake in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,829 shares of the company’s stock after acquiring an additional 19,390 shares during the quarter. Gradient Investments LLC owned about 25.49% of Matthews Emerging Markets Equity Active ETF worth $13,274,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MEM. Brown Financial Advisors purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 2nd quarter valued at $925,000. Mattson Financial Services LLC bought a new position in shares of Matthews Emerging Markets Equity Active ETF during the second quarter valued at $649,000. Beaumont Financial Advisors LLC boosted its position in shares of Matthews Emerging Markets Equity Active ETF by 0.4% during the third quarter. Beaumont Financial Advisors LLC now owns 519,721 shares of the company’s stock valued at $17,155,000 after buying an additional 1,995 shares during the last quarter. Paladin Wealth LLC bought a new stake in Matthews Emerging Markets Equity Active ETF in the 3rd quarter worth about $401,000. Finally, Greenwich Wealth Management LLC raised its position 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 buying an additional 16,656 shares during the last quarter.

Matthews Emerging Markets Equity Active ETF Stock Up 0.6 %

Shares of NYSEARCA MEM opened at $29.40 on Friday. The firm’s 50-day moving average price is $30.32 and its 200-day moving average price is $31.09. Matthews Emerging Markets Equity Active ETF has a 52-week low of $26.93 and a 52-week high of $36.15. The company has a market cap of $52.92 million, a PE ratio of 15.89 and a beta of 0.90.

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.