VanEck Morningstar Wide Moat ETF (BATS:MOAT) Shares Bought by Financial Management Network Inc.

Financial Management Network Inc. lifted its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 488,251 shares of the company’s stock after purchasing an additional 15,757 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises about 9.8% of Financial Management Network Inc.’s investment portfolio, making the stock its largest position. Financial Management Network Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $46,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $32,000. Salomon & Ludwin LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter worth $36,000. Fairman Group LLC acquired a new stake in VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at about $41,000. Finally, Clearstead Trust LLC purchased a new position in VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $45,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.5 %

MOAT traded down $0.51 during midday trading on Friday, reaching $95.89. 528,607 shares of the company’s stock were exchanged. The firm has a market cap of $16.21 billion, a PE ratio of 28.30 and a beta of 1.01. The company’s fifty day moving average price is $95.10 and its 200-day moving average price is $90.08.

About VanEck Morningstar Wide Moat ETF

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.