14,366 Shares of VanEck Morningstar Wide Moat ETF $MOAT Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the third quarter, Holdings Channel reports. The firm bought 14,366 shares of the company’s stock, valued at approximately $1,519,000.

A number of other hedge funds also recently made changes to their positions in the company. Harbor Group Inc. bought a new position in VanEck Morningstar Wide Moat ETF during the third quarter valued at approximately $53,492,000. James J. Burns & Company LLC bought a new stake in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $21,287,000. Beaumont Asset Management L.L.C. bought a new stake in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $18,995,000. Absolute Gestao de Investimentos Ltda. bought a new stake in VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $18,566,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth approximately $14,065,000.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of MOAT opened at $110.92 on Thursday. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 1 year low of $94.07 and a 1 year high of $115.58. The business’s 50 day simple moving average is $110.27 and its 200-day simple moving average is $105.30.

VanEck Morningstar Wide Moat ETF 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.