Beaumont Financial Advisors LLC Grows Stock Position in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM)

Beaumont Financial Advisors LLC raised its holdings in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 16.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 534,458 shares of the company’s stock after acquiring an additional 76,472 shares during the quarter. Matthews Emerging Markets Equity Active ETF makes up 1.4% of Beaumont Financial Advisors LLC’s holdings, making the stock its 25th largest holding. Beaumont Financial Advisors LLC owned about 24.29% of Matthews Emerging Markets Equity Active ETF worth $15,108,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MEM. Round Rock Advisors LLC grew its position in shares of Matthews Emerging Markets Equity Active ETF by 18.6% during the 4th quarter. Round Rock Advisors LLC now owns 20,654 shares of the company’s stock worth $584,000 after buying an additional 3,245 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Matthews Emerging Markets Equity Active ETF during the first quarter valued at about $133,000. WealthPlan Investment Management LLC bought a new stake in Matthews Emerging Markets Equity Active ETF during the fourth quarter valued at about $203,000. WealthPLAN Partners LLC bought a new stake in Matthews Emerging Markets Equity Active ETF during the fourth quarter valued at about $203,000. Finally, Susquehanna International Group LLP purchased a new stake in Matthews Emerging Markets Equity Active ETF in the first quarter valued at about $228,000.

Matthews Emerging Markets Equity Active ETF Price Performance

Matthews Emerging Markets Equity Active ETF stock traded down $0.13 during midday trading on Friday, reaching $28.20. The company’s stock had a trading volume of 2,247 shares, compared to its average volume of 10,015. The stock’s 50-day simple moving average is $28.90 and its 200-day simple moving average is $27.57. Matthews Emerging Markets Equity Active ETF has a 52-week low of $24.01 and a 52-week high of $29.90. The stock has a market capitalization of $56.40 million, a P/E ratio of 15.28 and a beta of 1.08.

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.