VanEck Morningstar Wide Moat ETF $MOAT is Palo Alto Wealth Advisors LLC’s 4th Largest Position

Palo Alto Wealth Advisors LLC lessened its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 10.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,061 shares of the company’s stock after selling 13,469 shares during the period. VanEck Morningstar Wide Moat ETF accounts for approximately 6.8% of Palo Alto Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. Palo Alto Wealth Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $11,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOAT. Walled Lake Planning & Wealth Management LLC lifted its position in VanEck Morningstar Wide Moat ETF by 2.4% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 8,383 shares of the company’s stock valued at $831,000 after acquiring an additional 194 shares during the period. Perennial Investment Advisors LLC grew its holdings in VanEck Morningstar Wide Moat ETF by 1.7% in the third quarter. Perennial Investment Advisors LLC now owns 13,746 shares of the company’s stock worth $1,362,000 after purchasing an additional 232 shares during the period. Smith Moore & CO. lifted its holdings in shares of VanEck Morningstar Wide Moat ETF by 1.8% during the third quarter. Smith Moore & CO. now owns 54,836 shares of the company’s stock valued at $5,435,000 after purchasing an additional 953 shares during the last quarter. Mengis Capital Management Inc. boosted its position in shares of VanEck Morningstar Wide Moat ETF by 4.7% in the 3rd quarter. Mengis Capital Management Inc. now owns 58,445 shares of the company’s stock worth $5,793,000 after purchasing an additional 2,627 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $205,000.

VanEck Morningstar Wide Moat ETF Stock Down 1.2%

MOAT stock opened at $103.79 on Friday. The business has a 50 day moving average of $105.72 and a 200 day moving average of $102.48. VanEck Morningstar Wide Moat ETF has a twelve month low of $75.43 and a twelve month high of $108.10. The firm has a market cap of $14.01 billion, a PE ratio of 22.53 and a beta of 1.02.

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.