Elevation Capital Advisory LLC Purchases 62,457 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Elevation Capital Advisory LLC lifted its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 508.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 74,747 shares of the company’s stock after buying an additional 62,457 shares during the period. VanEck Morningstar Wide Moat ETF comprises about 3.1% of Elevation Capital Advisory LLC’s investment portfolio, making the stock its 10th biggest position. Elevation Capital Advisory LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $7,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Group Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $53,492,000. James J. Burns & Company LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF in the third quarter worth approximately $21,287,000. Beaumont Asset Management L.L.C. bought a new position in shares of VanEck Morningstar Wide Moat ETF in the third quarter worth approximately $18,995,000. Absolute Gestao de Investimentos Ltda. bought a new position in shares of VanEck Morningstar Wide Moat ETF in the second quarter worth approximately $18,566,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in VanEck Morningstar Wide Moat ETF in the third quarter valued at approximately $14,065,000.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of MOAT opened at $112.38 on Friday. VanEck Morningstar Wide Moat ETF has a 1-year low of $94.07 and a 1-year high of $115.58. The company has a market capitalization of $15.17 billion, a P/E ratio of 22.53 and a beta of 1.02. The firm’s 50 day simple moving average is $110.22 and its 200 day simple moving average is $105.35.

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.