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

Congress Wealth Management LLC DE decreased its position in Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,187 shares of the company’s stock after selling 1,429 shares during the period. Congress Wealth Management LLC DE owned approximately 56.19% of Matthews Asia Dividend Active ETF worth $1,799,000 at the end of the most recent reporting period.

Matthews Asia Dividend Active ETF Stock Performance

Shares of Matthews Asia Dividend Active ETF stock opened at $32.88 on Thursday. The company has a 50-day simple moving average of $32.42 and a two-hundred day simple moving average of $33.56. The stock 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 firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be given a $0.0466 dividend. The ex-dividend date of this dividend 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.