Foguth Wealth Management LLC. Makes New Investment in VanEck Morningstar Wide Moat ETF $MOAT

Foguth Wealth Management LLC. purchased a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 4th quarter, Holdings Channel reports. The firm purchased 176,868 shares of the company’s stock, valued at approximately $18,309,000. VanEck Morningstar Wide Moat ETF accounts for about 2.8% of Foguth Wealth Management LLC.’s portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOAT. Atria Investments Inc boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 101.3% during the 3rd quarter. Atria Investments Inc now owns 26,545 shares of the company’s stock valued at $2,631,000 after acquiring an additional 13,358 shares during the last quarter. Siligmueller & Norvid Wealth Advisors LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the third quarter valued at approximately $1,330,000. J.W. Cole Advisors Inc. raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 153.0% during the second quarter. J.W. Cole Advisors Inc. now owns 28,123 shares of the company’s stock valued at $2,638,000 after purchasing an additional 17,008 shares during the last quarter. Buttonwood Financial Advisors Inc. lifted its position in VanEck Morningstar Wide Moat ETF by 11.7% during the third quarter. Buttonwood Financial Advisors Inc. now owns 298,563 shares of the company’s stock valued at $29,591,000 after purchasing an additional 31,314 shares during the period. Finally, S.E.E.D. Planning Group LLC lifted its position in VanEck Morningstar Wide Moat ETF by 6.6% during the third quarter. S.E.E.D. Planning Group LLC now owns 153,542 shares of the company’s stock valued at $15,218,000 after purchasing an additional 9,514 shares during the period.

VanEck Morningstar Wide Moat ETF Trading Down 0.3%

Shares of MOAT stock opened at $97.97 on Friday. VanEck Morningstar Wide Moat ETF has a 12-month low of $75.43 and a 12-month high of $108.10. The stock has a market capitalization of $13.23 billion, a P/E ratio of 22.53 and a beta of 1.02. The firm’s 50 day moving average is $104.80 and its 200 day moving average is $102.61.

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.