Sierra Ocean LLC Cuts Stock Position in VanEck Morningstar Wide Moat ETF $MOAT

Sierra Ocean LLC trimmed its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 87.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,666 shares of the company’s stock after selling 113,586 shares during the period. VanEck Morningstar Wide Moat ETF comprises 1.4% of Sierra Ocean LLC’s investment portfolio, making the stock its 14th largest position. Sierra Ocean LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,652,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boulay Financial Advisors LLC grew its position in VanEck Morningstar Wide Moat ETF by 2.0% during the third quarter. Boulay Financial Advisors LLC now owns 2,119,374 shares of the company’s stock valued at $210,051,000 after acquiring an additional 41,023 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 10.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,101,252 shares of the company’s stock valued at $108,275,000 after purchasing an additional 108,068 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 9.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 715,951 shares of the company’s stock valued at $67,149,000 after purchasing an additional 62,513 shares during the last quarter. Sfmg LLC raised its position in VanEck Morningstar Wide Moat ETF by 2.1% in the 2nd quarter. Sfmg LLC now owns 616,184 shares of the company’s stock worth $57,792,000 after purchasing an additional 12,590 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in VanEck Morningstar Wide Moat ETF by 1,387.0% in the second quarter. Orion Porfolio Solutions LLC now owns 611,633 shares of the company’s stock worth $57,365,000 after purchasing an additional 570,500 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Up 1.0%

BATS MOAT opened at $105.57 on Friday. The company has a 50-day simple moving average of $105.47 and a two-hundred day simple moving average of $101.63. VanEck Morningstar Wide Moat ETF has a 12-month low of $75.43 and a 12-month high of $108.10. The firm has a market cap of $14.25 billion, a price-to-earnings 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.