Moors & Cabot Inc. raised its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,277 shares of the company’s stock after buying an additional 465 shares during the period. Moors & Cabot Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $609,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at approximately $26,000. Mather Group LLC. acquired a new stake in VanEck Morningstar Wide Moat ETF in the second quarter valued at $32,000. Pinnacle Financial Partners Inc increased its position in shares of VanEck Morningstar Wide Moat ETF by 81.1% in the third quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock valued at $36,000 after buying an additional 167 shares in the last quarter. Fairman Group LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $41,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter worth about $50,000.
VanEck Morningstar Wide Moat ETF Price Performance
BATS:MOAT opened at $97.43 on Friday. The stock has a market cap of $16.48 billion, a P/E ratio of 28.30 and a beta of 1.01. The company’s fifty day simple moving average is $96.05 and its 200-day simple moving average is $91.61.
VanEck Morningstar Wide Moat ETF Profile
The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage.
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