Financial Management Network Inc. Has $46.59 Million Stock Holdings in VanEck Morningstar Wide Moat ETF $MOAT

Financial Management Network Inc. lowered its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,314 shares of the company’s stock after selling 12,413 shares during the quarter. VanEck Morningstar Wide Moat ETF accounts for about 7.1% of Financial Management Network Inc.’s portfolio, making the stock its 2nd biggest position. Financial Management Network Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $46,594,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter worth approximately $528,000. AQR Capital Management LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF by 16.9% in the first quarter. AQR Capital Management LLC now owns 21,523 shares of the company’s stock worth $1,894,000 after purchasing an additional 3,107 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the first quarter worth $1,068,000. Jane Street Group LLC boosted its holdings in VanEck Morningstar Wide Moat ETF by 125.3% during the first quarter. Jane Street Group LLC now owns 13,835 shares of the company’s stock worth $1,217,000 after purchasing an additional 7,693 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in VanEck Morningstar Wide Moat ETF by 15.0% during the second quarter. First Trust Advisors LP now owns 3,795 shares of the company’s stock worth $356,000 after purchasing an additional 494 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of BATS MOAT opened at $100.99 on Tuesday. The business has a 50-day moving average of $101.46 and a 200-day moving average of $102.77. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $90.07 and a fifty-two week high of $108.10.

VanEck Morningstar Wide Moat ETF Company 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.