Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Price Up 0.8% – Should You Buy?

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s stock price was up 0.8% during trading on Thursday . The stock traded as high as $27.12 and last traded at $27.33. Approximately 300 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,027 shares. The stock had previously closed at $27.1064.

Matthews Emerging Markets Discovery Active ETF Price Performance

The business has a fifty day moving average of $27.21 and a 200 day moving average of $26.77. The stock has a market cap of $19.13 million, a PE ratio of -105.12 and a beta of 0.24.

Matthews Emerging Markets Discovery Active ETF Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Wednesday, December 17th were paid a $0.7165 dividend. This represents a dividend yield of 279.0%. This is a boost from Matthews Emerging Markets Discovery Active ETF’s previous annual dividend of $0.33. The ex-dividend date was Wednesday, December 17th. Matthews Emerging Markets Discovery Active ETF’s payout ratio is presently -126.92%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Cahill Financial Advisors Inc. increased its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after purchasing an additional 4,124 shares during the last quarter. Richardson Capital Management LLC lifted its position in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after purchasing an additional 5,421 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% during the second quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 24,113 shares during the last quarter. 15.59% of the stock is currently owned by institutional investors.

About Matthews Emerging Markets Discovery Active ETF

MEMSIC, Inc provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company operates in two segments: semiconductor sensor products and sensor system solution products. Its semiconductor sensor products, which is based on MEMS technology and advanced, integrated circuit design. Its sensor system solution products, which incorporate sensors with on-board computing, wireless communications and systems and application software solutions.