Envestnet Asset Management Inc. cut its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 17.5% during the third quarter, Holdings Channel reports. The firm owned 590,932 shares of the company’s stock after selling 125,019 shares during the quarter. Envestnet Asset Management Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $58,567,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new stake in VanEck Morningstar Wide Moat ETF during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the second quarter worth $27,000. Intelligent Financial Strategies acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the second quarter valued at $30,000. Atlantic Union Bankshares Corp purchased a new position in VanEck Morningstar Wide Moat ETF in the second quarter valued at $34,000. Finally, Cape Investment Advisory Inc. grew its stake in VanEck Morningstar Wide Moat ETF by 57.1% during the 2nd quarter. Cape Investment Advisory Inc. now owns 737 shares of the company’s stock worth $69,000 after purchasing an additional 268 shares in the last quarter.
VanEck Morningstar Wide Moat ETF Price Performance
Shares of BATS MOAT opened at $105.74 on Tuesday. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The stock’s 50-day moving average is $105.40 and its two-hundred day moving average is $101.48. VanEck Morningstar Wide Moat ETF has a 1-year low of $75.43 and a 1-year high of $108.10.
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.
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Want to see what other hedge funds are holding MOAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report).
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