Farther Finance Advisors LLC Lowers Stock Holdings in Matthews China Active ETF $MCH

Farther Finance Advisors LLC lessened its stake in Matthews China Active ETF (NYSEARCA:MCH) by 38.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,160 shares of the company’s stock after selling 1,360 shares during the period. Farther Finance Advisors LLC owned 0.26% of Matthews China Active ETF worth $53,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Merkkuri Wealth Advisors LLC purchased a new position in shares of Matthews China Active ETF in the 1st quarter valued at approximately $1,724,000. Integrity Wealth Solutions LLC acquired a new stake in shares of Matthews China Active ETF during the first quarter worth $201,000. Summit Place Financial Advisors LLC grew its position in Matthews China Active ETF by 26.2% in the 1st quarter. Summit Place Financial Advisors LLC now owns 61,980 shares of the company’s stock valued at $1,509,000 after buying an additional 12,875 shares during the last quarter. Altfest L J & Co. Inc. increased its stake in Matthews China Active ETF by 3.7% in the 1st quarter. Altfest L J & Co. Inc. now owns 412,784 shares of the company’s stock valued at $10,050,000 after buying an additional 14,863 shares during the period. Finally, OLD Mission Capital LLC increased its stake in Matthews China Active ETF by 147.5% in the 1st quarter. OLD Mission Capital LLC now owns 264,601 shares of the company’s stock valued at $6,442,000 after buying an additional 157,690 shares during the period.

Matthews China Active ETF Stock Performance

MCH stock opened at $30.74 on Tuesday. The stock has a market capitalization of $24.59 million, a PE ratio of 12.47 and a beta of 1.70. The company has a fifty day moving average of $28.21 and a 200-day moving average of $25.31. Matthews China Active ETF has a one year low of $20.06 and a one year high of $30.97.

About Matthews China Active ETF

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.