Financial Management Network Inc. raised its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 488,251 shares of the company’s stock after purchasing an additional 15,757 shares during the period. VanEck Morningstar Wide Moat ETF accounts for approximately 9.8% of Financial Management Network Inc.’s investment portfolio, making the stock its biggest holding. Financial Management Network Inc. owned about 0.29% of VanEck Morningstar Wide Moat ETF worth $46,877,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MOAT. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $26,000. Mather Group LLC. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the second quarter valued at $32,000. Salomon & Ludwin LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter valued at $36,000. Fairman Group LLC purchased a new position in VanEck Morningstar Wide Moat ETF in the 2nd quarter worth $41,000. Finally, Clearstead Trust LLC acquired a new stake in VanEck Morningstar Wide Moat ETF during the 1st quarter worth about $45,000.
VanEck Morningstar Wide Moat ETF Price Performance
VanEck Morningstar Wide Moat ETF stock traded down $0.51 during trading hours on Friday, hitting $95.89. 528,607 shares of the stock traded hands. The firm’s 50-day moving average price is $95.10 and its 200 day moving average price is $90.08. The firm has a market capitalization of $16.21 billion, a PE ratio of 28.30 and a beta of 1.01.
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.
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