VanEck Morningstar Wide Moat ETF $MOAT Shares Bought by Summit Asset Management LLC

Summit Asset Management LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,988 shares of the company’s stock after acquiring an additional 4,925 shares during the quarter. VanEck Morningstar Wide Moat ETF makes up about 5.2% of Summit Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Summit Asset Management LLC owned approximately 0.29% of VanEck Morningstar Wide Moat ETF worth $37,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in VanEck Morningstar Wide Moat ETF by 47.9% in the first quarter. Parallel Advisors LLC now owns 3,289 shares of the company’s stock worth $318,000 after purchasing an additional 1,065 shares during the period. Assetmark Inc. raised its holdings in VanEck Morningstar Wide Moat ETF by 2.0% during the 1st quarter. Assetmark Inc. now owns 285,066 shares of the company’s stock worth $27,566,000 after purchasing an additional 5,561 shares during the last quarter. Avalon Trust Co acquired a new position in VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $116,000. Independent Financial Group LLC acquired a new position in VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $11,051,000. Finally, Wealthfront Advisers LLC lifted its position in VanEck Morningstar Wide Moat ETF by 2.2% during the 1st quarter. Wealthfront Advisers LLC now owns 22,541 shares of the company’s stock valued at $2,180,000 after purchasing an additional 482 shares during the period.

VanEck Morningstar Wide Moat ETF Trading Down 0.1%

Shares of BATS MOAT opened at $106.14 on Tuesday. VanEck Morningstar Wide Moat ETF has a 1 year low of $94.07 and a 1 year high of $108.10. The firm’s 50-day moving average is $103.18 and its 200-day moving average is $102.80. The firm has a market capitalization of $14.33 billion, a PE 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.