Altfest L J & Co. Inc. Sells 615,864 Shares of Matthews China Active ETF (NYSEARCA:MCH)

Altfest L J & Co. Inc. reduced its stake in shares of Matthews China Active ETF (NYSEARCA:MCH) by 96.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,061 shares of the company’s stock after selling 615,864 shares during the quarter. Altfest L J & Co. Inc. owned approximately 1.72% of Matthews China Active ETF worth $458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG boosted its position in shares of Matthews China Active ETF by 1,207.4% during the third quarter. UBS Group AG now owns 1,582 shares of the company’s stock valued at $32,000 after purchasing an additional 1,461 shares in the last quarter. Citadel Advisors LLC purchased a new position in Matthews China Active ETF during the 3rd quarter valued at about $452,000. Jane Street Group LLC bought a new stake in Matthews China Active ETF during the fourth quarter worth about $572,000. WealthPlan Investment Management LLC purchased a new stake in Matthews China Active ETF in the third quarter worth about $3,010,000. Finally, Kelman Lazarov Inc. lifted its holdings in shares of Matthews China Active ETF by 67.5% during the third quarter. Kelman Lazarov Inc. now owns 199,376 shares of the company’s stock valued at $4,091,000 after purchasing an additional 80,380 shares during the last quarter.

Matthews China Active ETF Stock Performance

Shares of Matthews China Active ETF stock traded up $0.18 during midday trading on Thursday, hitting $18.81. The company had a trading volume of 736 shares, compared to its average volume of 7,989. Matthews China Active ETF has a 52-week low of $16.77 and a 52-week high of $24.26. The company has a 50 day moving average of $18.15 and a 200 day moving average of $19.04.

About Matthews China Active ETF

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.