Mengis Capital Management Inc. Raises Stock Holdings in VanEck Morningstar Wide Moat ETF $MOAT

Mengis Capital Management Inc. boosted its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,323 shares of the company’s stock after purchasing an additional 5,878 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises 1.2% of Mengis Capital Management Inc.’s holdings, making the stock its 21st largest holding. Mengis Capital Management Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $6,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter worth about $29,000. Russell Investments Group Ltd. lifted its position in shares of VanEck Morningstar Wide Moat ETF by 60.9% during the fourth quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after buying an additional 112 shares during the last quarter. First Horizon Corp purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $31,000. Empowered Funds LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $32,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $33,000.

VanEck Morningstar Wide Moat ETF Stock Performance

BATS MOAT opened at $102.12 on Friday. The firm’s fifty day simple moving average is $101.41 and its two-hundred day simple moving average is $102.78. VanEck Morningstar Wide Moat ETF has a 12-month low of $90.07 and a 12-month high of $108.10. The firm has a market capitalization of $13.79 billion, a P/E ratio of 22.53 and a beta of 1.02.

VanEck Morningstar Wide Moat ETF 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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.