Redwood Financial Network Corp lessened its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 22.3% in the 2nd quarter, Holdings Channel reports. The fund owned 2,966 shares of the company’s stock after selling 849 shares during the period. Redwood Financial Network Corp’s holdings in VanEck Morningstar Wide Moat ETF were worth $257,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors 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 second quarter worth $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. Cape Investment Advisory Inc. increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 93.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 469 shares of the company’s stock valued at $40,000 after purchasing an additional 227 shares in the last quarter. Finally, Global Trust Asset Management LLC lifted its stake 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 period.
VanEck Morningstar Wide Moat ETF Price Performance
Shares of BATS:MOAT opened at $93.95 on Tuesday. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01. The stock’s 50 day moving average price is $90.40 and its 200 day moving average price is $88.29.
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.
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Want to see what other hedge funds are holding MOAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report).
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