Eastern Bank Purchases Shares of 1,000 VanEck Morningstar SMID Moat ETF (BATS:SMOT)

Eastern Bank purchased a new stake in VanEck Morningstar SMID Moat ETF (BATS:SMOT) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMOT. Lowe Wealth Advisors LLC grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 7.3% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 10,164 shares of the company’s stock worth $325,000 after purchasing an additional 694 shares during the period. Tranquility Partners LLC grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 11.8% during the 2nd quarter. Tranquility Partners LLC now owns 9,760 shares of the company’s stock worth $312,000 after purchasing an additional 1,033 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in shares of VanEck Morningstar SMID Moat ETF during the 2nd quarter worth about $42,000. Woodmont Investment Counsel LLC grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 1.1% during the 1st quarter. Woodmont Investment Counsel LLC now owns 145,646 shares of the company’s stock worth $4,968,000 after purchasing an additional 1,643 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 1.3% during the 3rd quarter. Raymond James & Associates now owns 169,087 shares of the company’s stock worth $5,923,000 after purchasing an additional 2,244 shares during the period.

VanEck Morningstar SMID Moat ETF Stock Down 0.1 %

Shares of BATS:SMOT opened at $34.90 on Friday. The stock has a market cap of $369.94 million, a PE ratio of 16.99 and a beta of 1.10. The business’s 50-day moving average price is $34.27 and its 200-day moving average price is $32.97.

About VanEck Morningstar SMID Moat ETF

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations.