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

Shares of Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) rose 0.8% on Thursday . The company traded as high as $27.12 and last traded at $27.33. Approximately 300 shares were traded 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 Trading Up 0.8%

The firm has a 50-day moving average of $27.21 and a 200 day moving average of $26.77. The stock has a market capitalization of $19.13 million, a price-to-earnings 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. Shareholders of record on Wednesday, December 17th were given a dividend of $0.7165 per share. This is a positive change from Matthews Emerging Markets Discovery Active ETF’s previous annual dividend of $0.33. The ex-dividend date was Wednesday, December 17th. This represents a dividend yield of 279.0%. Matthews Emerging Markets Discovery Active ETF’s payout ratio is presently -126.92%.

Institutional Trading of Matthews Emerging Markets Discovery Active ETF

Several institutional investors have recently modified their holdings of MEMS. Jane Street Group LLC lifted its holdings in Matthews Emerging Markets Discovery Active ETF by 143.4% in the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock valued at $1,071,000 after acquiring an additional 24,113 shares during the last quarter. Richardson Capital Management LLC boosted its position in Matthews Emerging Markets Discovery Active ETF by 14.3% during the 3rd quarter. Richardson Capital Management LLC now owns 129,735 shares of the technology company’s stock worth $3,475,000 after acquiring an additional 16,265 shares during the period. Finally, Cahill Financial Advisors Inc. grew its position in Matthews Emerging Markets Discovery Active ETF by 1.3% during the third quarter. Cahill Financial Advisors Inc. now owns 184,424 shares of the technology company’s stock valued at $4,939,000 after purchasing an additional 2,456 shares in the last quarter. Institutional investors and hedge funds own 15.59% of the company’s stock.

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.