IFC Advisors LLC Purchases 28,660 Shares of Matthews Emerging Markets Equity Active ETF $MEM

IFC Advisors LLC boosted its position in shares of Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 141.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,962 shares of the company’s stock after acquiring an additional 28,660 shares during the period. IFC Advisors LLC’s holdings in Matthews Emerging Markets Equity Active ETF were worth $1,819,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MEM. Farther Finance Advisors LLC grew its position in shares of Matthews Emerging Markets Equity Active ETF by 15.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,989 shares of the company’s stock valued at $71,000 after purchasing an additional 261 shares during the last quarter. Welch Financial Planning LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF during the 4th quarter worth about $258,000. Raymond James Financial Inc. acquired a new position in shares of Matthews Emerging Markets Equity Active ETF during the 3rd quarter worth about $302,000. OLD Mission Capital LLC boosted its stake in Matthews Emerging Markets Equity Active ETF by 148.6% during the 4th quarter. OLD Mission Capital LLC now owns 14,100 shares of the company’s stock valued at $505,000 after purchasing an additional 8,428 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Matthews Emerging Markets Equity Active ETF by 229.1% during the 2nd quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock valued at $526,000 after purchasing an additional 11,265 shares during the period.

Matthews Emerging Markets Equity Active ETF Price Performance

MEM opened at $43.95 on Monday. The stock’s 50 day moving average price is $44.51 and its two-hundred day moving average price is $40.76. The firm has a market capitalization of $52.74 million, a P/E ratio of 15.50 and a beta of 0.91. Matthews Emerging Markets Equity Active ETF has a 12-month low of $32.20 and a 12-month high of $47.53.

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.