Menlo Advisors LLC Lowers Stock Position in Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX)

Menlo Advisors LLC lowered its position in shares of Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 125,995 shares of the company’s stock after selling 635 shares during the period. Matthews Emerging Markets ex China Active ETF comprises about 1.7% of Menlo Advisors LLC’s investment portfolio, making the stock its 19th largest position. Menlo Advisors LLC owned about 0.10% of Matthews Emerging Markets ex China Active ETF worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Matthews Emerging Markets ex China Active ETF by 30.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,652 shares of the company’s stock valued at $309,000 after buying an additional 2,504 shares during the period. OLD Mission Capital LLC purchased a new position in Matthews Emerging Markets ex China Active ETF during the fourth quarter valued at $1,162,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Matthews Emerging Markets ex China Active ETF in the 4th quarter worth about $1,685,000. Finally, Castle Wealth Management LLC raised its position in shares of Matthews Emerging Markets ex China Active ETF by 6.3% in the 4th quarter. Castle Wealth Management LLC now owns 223,233 shares of the company’s stock worth $6,471,000 after purchasing an additional 13,170 shares during the last quarter.

Matthews Emerging Markets ex China Active ETF Price Performance

MEMX opened at $31.27 on Friday. The stock has a 50-day moving average price of $28.94 and a 200-day moving average price of $29.06. The firm has a market cap of $35.02 million, a PE ratio of 15.84 and a beta of 0.73. Matthews Emerging Markets ex China Active ETF has a 1 year low of $25.16 and a 1 year high of $31.77.

About Matthews Emerging Markets ex China Active ETF

The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.