Pathway Financial Advisors LLC Lowers Stake in Matthews Pacific Tiger Active ETF $ASIA

Pathway Financial Advisors LLC decreased its position in Matthews Pacific Tiger Active ETF (NYSEARCA:ASIA) by 41.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 135,295 shares of the company’s stock after selling 93,976 shares during the period. Matthews Pacific Tiger Active ETF comprises about 0.6% of Pathway Financial Advisors LLC’s portfolio, making the stock its 19th biggest holding. Pathway Financial Advisors LLC owned 0.10% of Matthews Pacific Tiger Active ETF worth $5,602,000 at the end of the most recent quarter.

Separately, Cahill Financial Advisors Inc. increased its position in Matthews Pacific Tiger Active ETF by 0.5% in the second quarter. Cahill Financial Advisors Inc. now owns 123,257 shares of the company’s stock worth $5,579,000 after buying an additional 630 shares during the last quarter. Institutional investors and hedge funds own 34.74% of the company’s stock.

Matthews Pacific Tiger Active ETF Price Performance

Shares of ASIA traded down $0.64 during mid-day trading on Wednesday, hitting $41.68. The stock had a trading volume of 1,948 shares, compared to its average volume of 4,005. Matthews Pacific Tiger Active ETF has a 52 week low of $32.15 and a 52 week high of $47.47. The business has a fifty day moving average price of $41.29 and a 200-day moving average price of $41.14. The firm has a market cap of $54.18 million, a P/E ratio of -12.40 and a beta of 0.90.

Matthews Pacific Tiger Active ETF Profile

The Matthews Pacific Tiger Active ETF (ASIA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in companies located in Asia, excluding Japan. The fund manager selects stocks based on strong fundamentals. ASIA was launched on Sep 22, 2023 and is issued by Matthews.