ProVise Management Group LLC Has $1.06 Million Stock Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

ProVise Management Group LLC lowered its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,757 shares of the company’s stock after selling 239 shares during the quarter. ProVise Management Group LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter worth approximately $36,000. Cape Investment Advisory Inc. increased its holdings in VanEck Morningstar Wide Moat ETF by 93.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 469 shares of the company’s stock worth $40,000 after buying an additional 227 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 80.0% in the first quarter. Global Trust Asset Management LLC now owns 450 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter valued at $49,000. Finally, Sage Mountain Advisors LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the first quarter valued at about $50,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.4 %

MOAT traded down $0.36 on Friday, hitting $88.25. 873,908 shares of the stock were exchanged. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01. The company has a 50 day moving average of $87.30 and a 200-day moving average of $86.44.

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.