Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lowered its stake in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 30.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,608 shares of the company’s stock after selling 156,113 shares during the quarter. Beaumont Financial Advisors LLC owned approximately 20.20% of Matthews Emerging Markets Equity Active ETF worth $10,519,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brown Financial Advisors bought a new position in Matthews Emerging Markets Equity Active ETF in the 2nd quarter worth approximately $925,000. Mattson Financial Services LLC acquired a new position in Matthews Emerging Markets Equity Active ETF during the 2nd quarter worth $649,000. Greenwich Wealth Management LLC grew its stake in shares of Matthews Emerging Markets Equity Active ETF by 71.5% in the third quarter. Greenwich Wealth Management LLC now owns 39,948 shares of the company’s stock worth $1,319,000 after purchasing an additional 16,656 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF during the third quarter valued at $401,000. Finally, JGP Wealth Management LLC bought a new stake in shares of Matthews Emerging Markets Equity Active ETF during the fourth quarter valued at about $266,000.

Matthews Emerging Markets Equity Active ETF Stock Up 0.4 %

Shares of MEM opened at $28.99 on Wednesday. The firm has a market capitalization of $52.18 million, a PE ratio of 15.89 and a beta of 0.90. The firm has a 50-day moving average price of $30.46 and a 200 day moving average price of $31.13. Matthews Emerging Markets Equity Active ETF has a 52-week low of $26.93 and a 52-week 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.