Welch Financial Planning LLC Acquires New Shares in Matthews China Active ETF $MCH

Welch Financial Planning LLC bought a new stake in shares of Matthews China Active ETF (NYSEARCA:MCH) during the 4th quarter, HoldingsChannel reports. The firm bought 79,924 shares of the company’s stock, valued at approximately $2,254,000. Matthews China Active ETF accounts for about 1.6% of Welch Financial Planning LLC’s portfolio, making the stock its 18th biggest position. Welch Financial Planning LLC owned 0.10% of Matthews China Active ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MCH. Farther Finance Advisors LLC raised its stake in shares of Matthews China Active ETF by 17.6% in the third quarter. Farther Finance Advisors LLC now owns 2,540 shares of the company’s stock worth $77,000 after purchasing an additional 380 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Matthews China Active ETF during the third quarter valued at $265,000. PFG Private Wealth Management LLC purchased a new stake in shares of Matthews China Active ETF during the third quarter valued at $346,000. Goldman Sachs Group Inc. increased its holdings in Matthews China Active ETF by 69.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after buying an additional 8,201 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Matthews China Active ETF by 37.8% in the 1st quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock worth $859,000 after buying an additional 9,686 shares in the last quarter.

Matthews China Active ETF Stock Performance

Shares of NYSEARCA:MCH opened at $28.07 on Tuesday. The firm has a market cap of $22.46 million, a price-to-earnings ratio of 12.47 and a beta of 0.77. The business has a 50-day simple moving average of $27.48 and a two-hundred day simple moving average of $28.59. Matthews China Active ETF has a fifty-two week low of $22.94 and a fifty-two week high of $30.97.

Matthews China Active ETF Profile

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.