Palladiem LLC Takes $3.11 Million Position in Matthews Emerging Markets Equity Active ETF $MEM

Palladiem LLC acquired a new stake in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 86,394 shares of the company’s stock, valued at approximately $3,106,000. Matthews Emerging Markets Equity Active ETF makes up 2.9% of Palladiem LLC’s holdings, making the stock its 14th biggest holding. Palladiem LLC owned 7.20% of Matthews Emerging Markets Equity Active ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MEM. Farther Finance Advisors LLC increased 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 buying an additional 261 shares in the last quarter. Welch Financial Planning LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF in the fourth quarter valued at approximately $258,000. Raymond James Financial Inc. purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF in the third quarter valued at approximately $302,000. Osaic Holdings Inc. increased its position in shares of Matthews Emerging Markets Equity Active ETF by 229.1% during the second quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock worth $526,000 after purchasing an additional 11,265 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Matthews Emerging Markets Equity Active ETF by 51.3% during the third quarter. Susquehanna International Group LLP now owns 16,218 shares of the company’s stock worth $588,000 after purchasing an additional 5,500 shares in the last quarter.

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of MEM opened at $42.61 on Friday. Matthews Emerging Markets Equity Active ETF has a one year low of $31.36 and a one year high of $46.73. The stock has a market capitalization of $55.39 million, a price-to-earnings ratio of 15.50 and a beta of 0.91. The stock has a 50 day moving average price of $41.83 and a 200 day moving average price of $39.24.

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.