Castle Wealth Management LLC Raises Holdings in Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX)

Castle Wealth Management LLC lifted its position in shares of Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,695 shares of the company’s stock after purchasing an additional 3,219 shares during the period. Matthews Emerging Markets ex China Active ETF comprises about 2.1% of Castle Wealth Management LLC’s holdings, making the stock its 14th largest position. Castle Wealth Management LLC owned 79.18% of Matthews Emerging Markets ex China Active ETF worth $3,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG acquired a new position in Matthews Emerging Markets ex China Active ETF during the first quarter worth approximately $36,000. Jane Street Group LLC purchased a new stake in Matthews Emerging Markets ex China Active ETF in the 1st quarter valued at $301,000. Kades & Cheifetz LLC acquired a new stake in Matthews Emerging Markets ex China Active ETF during the 4th quarter worth $580,000. Finally, Chicago Partners Investment Group LLC purchased a new position in Matthews Emerging Markets ex China Active ETF during the 3rd quarter worth $618,000.

Matthews Emerging Markets ex China Active ETF Price Performance

Shares of NYSEARCA:MEMX traded down $0.13 on Friday, reaching $27.68. The company’s stock had a trading volume of 699 shares, compared to its average volume of 2,782. Matthews Emerging Markets ex China Active ETF has a 52-week low of $24.21 and a 52-week high of $29.32. The stock has a market capitalization of $11.07 million, a P/E ratio of 15.03 and a beta of 0.96. The stock’s 50-day moving average is $28.68 and its two-hundred day moving average is $27.21.

Matthews Emerging Markets ex China Active ETF Company Profile

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.