Avalon Capital Management Decreases Stock Holdings in VanEck Morningstar SMID Moat ETF (BATS:SMOT)

Avalon Capital Management lowered its stake in VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,594 shares of the company’s stock after selling 7,136 shares during the quarter. VanEck Morningstar SMID Moat ETF accounts for 1.8% of Avalon Capital Management’s portfolio, making the stock its 17th largest position. Avalon Capital Management owned about 1.23% of VanEck Morningstar SMID Moat ETF worth $4,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 12.9% in the fourth quarter. Principle Wealth Partners LLC now owns 659,045 shares of the company’s stock worth $20,760,000 after acquiring an additional 75,526 shares during the period. Financial Management Network Inc. grew its position in VanEck Morningstar SMID Moat ETF by 7.3% during the fourth quarter. Financial Management Network Inc. now owns 459,937 shares of the company’s stock valued at $14,051,000 after buying an additional 31,306 shares during the period. LPL Financial LLC grew its position in VanEck Morningstar SMID Moat ETF by 117.5% during the third quarter. LPL Financial LLC now owns 288,156 shares of the company’s stock valued at $8,191,000 after buying an additional 155,648 shares during the period. Apexium Financial LP raised its position in VanEck Morningstar SMID Moat ETF by 478.7% in the fourth quarter. Apexium Financial LP now owns 143,866 shares of the company’s stock worth $4,532,000 after acquiring an additional 119,006 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of VanEck Morningstar SMID Moat ETF by 77.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 102,310 shares of the company’s stock worth $3,223,000 after purchasing an additional 44,507 shares in the last quarter.

VanEck Morningstar SMID Moat ETF Price Performance

VanEck Morningstar SMID Moat ETF stock traded up $0.19 during trading on Friday, reaching $31.96. The company had a trading volume of 28,236 shares. The stock has a market capitalization of $338.78 million, a price-to-earnings ratio of 16.99 and a beta of 1.10. The business’s 50 day moving average is $32.15 and its 200-day moving average is $32.01.

VanEck Morningstar SMID Moat ETF Company Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations.