VanEck Morningstar SMID Moat ETF (BATS:SMOT) Shares Purchased by Gradient Investments LLC

Gradient Investments LLC increased its position in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 34.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,345,893 shares of the company’s stock after purchasing an additional 346,346 shares during the period. VanEck Morningstar SMID Moat ETF makes up approximately 1.0% of Gradient Investments LLC’s portfolio, making the stock its 23rd largest position. Gradient Investments LLC owned about 12.70% of VanEck Morningstar SMID Moat ETF worth $43,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC acquired a new stake in shares of VanEck Morningstar SMID Moat ETF during the 2nd quarter worth $42,000. Lynx Investment Advisory acquired a new stake in shares of VanEck Morningstar SMID Moat ETF in the 2nd quarter worth about $156,000. Tranquility Partners LLC acquired a new stake in VanEck Morningstar SMID Moat ETF in the fourth quarter worth about $215,000. SageView Advisory Group LLC acquired a new position in shares of VanEck Morningstar SMID Moat ETF during the fourth quarter valued at approximately $237,000. Finally, Soundwatch Capital LLC acquired a new stake in VanEck Morningstar SMID Moat ETF in the 4th quarter valued at about $256,000.

VanEck Morningstar SMID Moat ETF Price Performance

Shares of SMOT stock traded up $0.07 on Friday, hitting $32.97. The company’s stock had a trading volume of 25,880 shares. The firm has a market cap of $349.48 million, a PE ratio of 16.99 and a beta of 1.10. The firm’s fifty day moving average price is $32.30 and its two-hundred day moving average price is $32.37.

About VanEck Morningstar SMID Moat ETF

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations.