JGP Wealth Management LLC Makes New Investment in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

JGP Wealth Management LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,195 shares of the company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Beaumont Financial Advisors LLC increased its holdings in Matthews Emerging Markets Equity Active ETF by 0.4% in the third quarter. Beaumont Financial Advisors LLC now owns 519,721 shares of the company’s stock valued at $17,155,000 after purchasing an additional 1,995 shares during the period. Flow Traders U.S. LLC grew its position 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 buying an additional 2,864 shares during the last quarter. Greenwich Wealth Management LLC increased 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 valued at $1,319,000 after buying an additional 16,656 shares during the period. Brown Financial Advisors raised its position in shares of Matthews Emerging Markets Equity Active ETF by 6.0% during the third quarter. Brown Financial Advisors now owns 32,063 shares of the company’s stock worth $1,058,000 after acquiring an additional 1,808 shares during the last quarter. Finally, Mattson Financial Services LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF in the second quarter worth approximately $649,000.

Matthews Emerging Markets Equity Active ETF Stock Performance

Matthews Emerging Markets Equity Active ETF stock opened at $28.88 on Friday. The firm has a market cap of $51.98 million, a price-to-earnings ratio of 15.89 and a beta of 0.90. Matthews Emerging Markets Equity Active ETF has a 52-week low of $26.84 and a 52-week high of $36.15. The firm has a 50 day moving average price of $30.58 and a two-hundred day moving average price of $31.16.

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.