Cornerstone Wealth Management LLC Acquires 32,014 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Cornerstone Wealth Management LLC bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the third quarter, Holdings Channel reports. The firm bought 32,014 shares of the company’s stock, valued at approximately $3,384,000.

Several other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at $105,396,000. Royal Bank of Canada grew its stake in shares of VanEck Morningstar Wide Moat ETF by 10.8% during the 1st quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock worth $80,630,000 after acquiring an additional 81,552 shares during the period. Leelyn Smith LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth $57,004,000. Harbor Group Inc. bought a new position in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth $53,492,000. Finally, Whitaker Myers Wealth Managers LTD. increased its holdings in VanEck Morningstar Wide Moat ETF by 6.2% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 430,701 shares of the company’s stock worth $44,776,000 after acquiring an additional 25,230 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT opened at $117.18 on Thursday. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $94.07 and a fifty-two week high of $118.52. The business has a 50-day moving average of $110.46 and a 200 day moving average of $105.70. The firm has a market cap of $12.26 billion, a P/E ratio of 22.24 and a beta of 0.97.

About VanEck Morningstar Wide Moat ETF

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.