Summit Place Financial Advisors LLC Reduces Stock Position in Matthews China Active ETF (NYSEARCA:MCH)

Summit Place Financial Advisors LLC cut its stake in Matthews China Active ETF (NYSEARCA:MCH) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,105 shares of the company’s stock after selling 1,575 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Matthews China Active ETF were worth $1,083,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MCH. Flow Traders U.S. LLC purchased a new position in Matthews China Active ETF in the third quarter valued at about $371,000. Chicago Partners Investment Group LLC purchased a new position in Matthews China Active ETF in the third quarter valued at about $203,000. Integrity Wealth Solutions LLC purchased a new position in Matthews China Active ETF in the third quarter valued at about $201,000. Finally, Farther Finance Advisors LLC purchased a new position in Matthews China Active ETF in the third quarter valued at about $86,000.

Matthews China Active ETF Price Performance

MCH stock opened at $24.35 on Wednesday. The company’s 50 day simple moving average is $22.37 and its 200-day simple moving average is $22.00. The firm has a market capitalization of $29.22 million, a PE ratio of 12.28 and a beta of 0.90. Matthews China Active ETF has a 12 month low of $17.97 and a 12 month high of $29.38.

Matthews China Active ETF Profile

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.