Brown Financial Advisors Sells 1,194 Shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Brown Financial Advisors cut its position in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,869 shares of the company’s stock after selling 1,194 shares during the period. Brown Financial Advisors’ holdings in Matthews Emerging Markets Equity Active ETF were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. JGP Wealth Management LLC bought a new position in shares of Matthews Emerging Markets Equity Active ETF during the fourth quarter valued at approximately $266,000. Paladin Wealth LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 3.8% during the fourth quarter. Paladin Wealth LLC now owns 12,611 shares of the company’s stock worth $365,000 after buying an additional 457 shares during the period. Greenwich Wealth Management LLC boosted its position in Matthews Emerging Markets Equity Active ETF by 71.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 39,948 shares of the company’s stock valued at $1,319,000 after acquiring an additional 16,656 shares in the last quarter. Flow Traders U.S. LLC increased its holdings in shares of Matthews Emerging Markets Equity Active ETF by 5.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 59,723 shares of the company’s stock valued at $1,971,000 after acquiring an additional 2,864 shares during the period. Finally, Gradient Investments LLC raised its position in shares of Matthews Emerging Markets Equity Active ETF by 4.4% in the 4th quarter. Gradient Investments LLC now owns 458,829 shares of the company’s stock worth $13,274,000 after acquiring an additional 19,390 shares in the last quarter.

Matthews Emerging Markets Equity Active ETF Price Performance

MEM opened at $29.88 on Tuesday. The firm has a market capitalization of $49.60 million, a PE ratio of 16.42 and a beta of 0.90. The business’s 50-day moving average is $29.40 and its two-hundred day moving average is $31.02. Matthews Emerging Markets Equity Active ETF has a 1 year low of $27.78 and a 1 year high of $36.15.

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.