Congress Wealth Management LLC DE Trims Stake in Matthews Asia Dividend Active ETF (NYSEARCA:ADVE)

Congress Wealth Management LLC DE reduced its stake in Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 56,187 shares of the company’s stock after selling 1,429 shares during the quarter. Congress Wealth Management LLC DE owned 0.56% of Matthews Asia Dividend Active ETF worth $1,799,000 as of its most recent filing with the SEC.

Matthews Asia Dividend Active ETF Stock Performance

NYSEARCA:ADVE opened at $32.88 on Thursday. The stock has a 50-day simple moving average of $32.42 and a two-hundred day simple moving average of $33.56. The firm has a market capitalization of $3.29 million, a PE ratio of 15.65 and a beta of 0.79. Matthews Asia Dividend Active ETF has a 52-week low of $30.77 and a 52-week high of $37.05.

Matthews Asia Dividend Active ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be paid a dividend of $0.0466 per share. The ex-dividend date is Wednesday, March 26th.

Matthews Asia Dividend Active ETF Profile

The Matthews Asia Dividend Active ETF (ADVE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying companies located in Asia. The fund seeks to provide total return with a level of current income higher than average Asian equities.