VanEck Morningstar Wide Moat ETF $MOAT Stake Reduced by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 23.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 196,899 shares of the company’s stock after selling 60,598 shares during the period. NewEdge Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $19,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swmg LLC increased its stake in shares of VanEck Morningstar Wide Moat ETF by 1.3% during the fourth quarter. Swmg LLC now owns 7,926 shares of the company’s stock valued at $836,000 after acquiring an additional 103 shares during the period. Russell Investments Group Ltd. boosted its holdings in 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 worth $31,000 after buying an additional 112 shares in the last quarter. Western Pacific Wealth Management LP grew its position in VanEck Morningstar Wide Moat ETF by 1.7% in the fourth quarter. Western Pacific Wealth Management LP now owns 6,983 shares of the company’s stock worth $723,000 after buying an additional 116 shares during the last quarter. Warner Financial Inc. increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 1.2% in the fourth quarter. Warner Financial Inc. now owns 11,305 shares of the company’s stock valued at $1,171,000 after buying an additional 132 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF by 4.0% during the 4th quarter. Simplicity Wealth LLC now owns 3,458 shares of the company’s stock valued at $358,000 after acquiring an additional 133 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Down 0.2%

Shares of BATS MOAT opened at $107.91 on Thursday. The stock’s fifty day simple moving average is $103.99 and its 200 day simple moving average is $102.85. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 52-week low of $94.07 and a 52-week high of $109.24.

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.