Menlo Advisors LLC Cuts Holdings in Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX)

Menlo Advisors LLC lowered its stake in shares of Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,630 shares of the company’s stock after selling 7,000 shares during the period. Matthews Emerging Markets ex China Active ETF comprises 1.9% of Menlo Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Menlo Advisors LLC owned about 25.33% of Matthews Emerging Markets ex China Active ETF worth $3,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MEMX. Castle Wealth Management LLC increased its stake in Matthews Emerging Markets ex China Active ETF by 45.8% during the 3rd quarter. Castle Wealth Management LLC now owns 210,063 shares of the company’s stock worth $6,465,000 after buying an additional 66,002 shares during the period. Jane Street Group LLC lifted its stake in shares of Matthews Emerging Markets ex China Active ETF by 46.6% in the 3rd quarter. Jane Street Group LLC now owns 64,911 shares of the company’s stock worth $1,998,000 after acquiring an additional 20,648 shares during the period. Kades & Cheifetz LLC lifted its stake in shares of Matthews Emerging Markets ex China Active ETF by 0.7% in the fourth quarter. Kades & Cheifetz LLC now owns 58,126 shares of the company’s stock valued at $1,685,000 after purchasing an additional 385 shares during the period. Finally, Ameritas Advisory Services LLC increased its holdings in Matthews Emerging Markets ex China Active ETF by 8.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $317,000 after acquiring an additional 834 shares in the last quarter.

Matthews Emerging Markets ex China Active ETF Price Performance

Shares of NYSEARCA MEMX opened at $28.43 on Thursday. The company has a market cap of $36.39 million, a PE ratio of 16.65 and a beta of 0.85. Matthews Emerging Markets ex China Active ETF has a 12 month low of $27.57 and a 12 month high of $31.77. The company has a 50-day simple moving average of $29.11 and a 200-day simple moving average of $29.88.

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.