Harbour Wealth Management Group Inc. Buys New Stake in Matthews India Active ETF $INDE

Harbour Wealth Management Group Inc. purchased a new position in shares of Matthews India Active ETF (NYSEARCA:INDE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,595 shares of the company’s stock, valued at approximately $648,000. Harbour Wealth Management Group Inc. owned approximately 7.20% of Matthews India Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Navis Wealth Advisors LLC increased its holdings in Matthews India Active ETF by 11.6% in the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock valued at $459,000 after buying an additional 1,620 shares in the last quarter.

Matthews India Active ETF Stock Performance

Shares of Matthews India Active ETF stock opened at $28.87 on Friday. The firm has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $28.25. Matthews India Active ETF has a fifty-two week low of $24.98 and a fifty-two week high of $31.44. The company has a market cap of $13.28 million, a P/E ratio of 32.13 and a beta of 0.34.

Matthews India Active ETF Company Profile

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.