Truist Financial Corp Has $8.70 Million Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Truist Financial Corp lowered its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 40.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 93,798 shares of the company’s stock after selling 64,590 shares during the quarter. Truist Financial Corp’s holdings in VanEck Morningstar Wide Moat ETF were worth $8,697,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MOAT. LPL Financial LLC grew its position in VanEck Morningstar Wide Moat ETF by 8.4% during the third quarter. LPL Financial LLC now owns 7,877,723 shares of the company’s stock worth $763,745,000 after buying an additional 613,683 shares in the last quarter. SK Wealth Management LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter valued at $22,253,000. Sierra Ocean LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at $11,723,000. Plotkin Financial Advisors LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter valued at $11,081,000. Finally, Goldstone Financial Group LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter valued at $9,785,000.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT stock opened at $92.14 on Friday. The firm has a fifty day simple moving average of $93.66 and a two-hundred day simple moving average of $94.78. The firm has a market cap of $14.76 billion, a P/E ratio of 25.73 and a beta of 1.03.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued a dividend of $1.2675 per share. The ex-dividend date was Monday, December 23rd.

VanEck Morningstar Wide Moat ETF Company 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.