Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Breaks Above 200-Day Moving Average – Here’s What Happened

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $30.25 and traded as high as $30.60. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.5990, with a volume of 345 shares changing hands.

Matthews Emerging Markets Discovery Active ETF Price Performance

The company’s fifty day moving average is $30.64 and its 200-day moving average is $30.25. The stock has a market cap of $21.42 million, a PE ratio of -117.69 and a beta of 0.75.

Institutional Trading of Matthews Emerging Markets Discovery Active ETF

A hedge fund recently raised its stake in Matthews Emerging Markets Discovery Active ETF stock. Pathway Financial Advisors LLC lifted its stake in shares of Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,942 shares of the technology company’s stock after purchasing an additional 2,059 shares during the period. Pathway Financial Advisors LLC owned about 12.56% of Matthews Emerging Markets Discovery Active ETF worth $2,775,000 as of its most recent filing with the Securities & Exchange Commission. 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.