Harbour Wealth Management Group Inc. Takes $648,000 Position in Matthews India Active ETF $INDE

Harbour Wealth Management Group Inc. purchased a new position in Matthews India Active ETF (NYSEARCA:INDE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,595 shares of the company’s stock, valued at approximately $648,000. Harbour Wealth Management Group Inc. owned about 0.07% of Matthews India Active ETF at the end of the most recent reporting period.

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

Matthews India Active ETF Trading Up 1.5%

Shares of NYSEARCA INDE opened at $28.87 on Friday. The stock has a market cap of $13.28 million, a PE ratio of 32.13 and a beta of 0.34. Matthews India Active ETF has a 12-month low of $24.98 and a 12-month high of $31.44. The company has a 50-day moving average of $27.51 and a 200 day moving average of $28.25.

Matthews India Active ETF 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.