Provident Wealth Management LLC Acquires New Stake in VanEck Morningstar Wide Moat ETF $MOAT

Provident Wealth Management LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the third quarter, Holdings Channel reports. The firm acquired 13,808 shares of the company’s stock, valued at approximately $1,460,000. VanEck Morningstar Wide Moat ETF comprises 0.5% of Provident Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RDA Financial Network lifted its position in VanEck Morningstar Wide Moat ETF by 0.4% in the second quarter. RDA Financial Network now owns 35,413 shares of the company’s stock worth $3,682,000 after purchasing an additional 150 shares during the period. Root Financial Partners LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 1.6% during the 1st quarter. Root Financial Partners LLC now owns 9,799 shares of the company’s stock valued at $948,000 after purchasing an additional 152 shares during the period. Blue Trust Inc. increased its position in shares of VanEck Morningstar Wide Moat ETF by 86.0% during the 1st quarter. Blue Trust Inc. now owns 398 shares of the company’s stock valued at $39,000 after purchasing an additional 184 shares during the period. Randolph Co Inc increased its position in shares of VanEck Morningstar Wide Moat ETF by 11.5% during the 1st quarter. Randolph Co Inc now owns 2,440 shares of the company’s stock valued at $236,000 after purchasing an additional 251 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter valued at $25,000.

VanEck Morningstar Wide Moat ETF Stock Performance

MOAT opened at $111.80 on Wednesday. VanEck Morningstar Wide Moat ETF has a one year low of $94.07 and a one year high of $115.58. The stock’s fifty day moving average is $110.38 and its 200-day moving average is $105.73. The company has a market capitalization of $15.09 billion, a PE ratio of 22.53 and a beta of 1.02.

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.