IFC Advisors LLC Has $1.82 Million Holdings in Matthews Emerging Markets Equity Active ETF $MEM

IFC Advisors LLC increased its holdings in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) by 141.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,962 shares of the company’s stock after purchasing an additional 28,660 shares during the period. IFC Advisors LLC owned approximately 3.77% of Matthews Emerging Markets Equity Active ETF worth $1,819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MEM. Dynasty Wealth Management LLC raised its holdings in Matthews Emerging Markets Equity Active ETF by 0.3% during the fourth quarter. Dynasty Wealth Management LLC now owns 207,058 shares of the company’s stock valued at $7,414,000 after buying an additional 684 shares in the last quarter. JGP Wealth Management LLC boosted its stake in shares of Matthews Emerging Markets Equity Active ETF by 2.2% during the 4th quarter. JGP Wealth Management LLC now owns 154,216 shares of the company’s stock worth $5,522,000 after acquiring an additional 3,376 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Matthews Emerging Markets Equity Active ETF by 15.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock valued at $4,438,000 after acquiring an additional 16,636 shares during the last quarter. Palladiem LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF during the 4th quarter valued at about $3,106,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Matthews Emerging Markets Equity Active ETF in the 2nd quarter valued at approximately $1,228,000.

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of MEM stock opened at $43.95 on Monday. The stock’s 50 day simple moving average is $44.51 and its 200 day simple moving average is $40.76. Matthews Emerging Markets Equity Active ETF has a twelve month low of $32.20 and a twelve month high of $47.53. The company has a market capitalization of $52.74 million, a price-to-earnings ratio of 15.50 and a beta of 0.91.

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.