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

Financial Management Network Inc. lifted its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 497,594 shares of the company’s stock after acquiring an additional 9,343 shares during the period. VanEck Morningstar Wide Moat ETF makes up about 9.6% of Financial Management Network Inc.’s portfolio, making the stock its 2nd largest position. Financial Management Network Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $46,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kentucky Trust Co acquired a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $28,000. Bfsg LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $33,000. Pinnacle Financial Partners Inc raised its stake in VanEck Morningstar Wide Moat ETF by 81.1% in the third quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Empowered Funds LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $64,000. Finally, Truvestments Capital LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the third quarter valued at about $70,000.

VanEck Morningstar Wide Moat ETF Stock Performance

MOAT stock opened at $92.15 on Wednesday. The firm has a market capitalization of $15.58 billion, a P/E ratio of 28.30 and a beta of 1.01. The company has a 50 day moving average of $93.97 and a 200-day moving average of $94.77.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were paid a $1.2675 dividend. 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.