Money Concepts Capital Corp Invests $3.82 Million in VanEck Morningstar Wide Moat ETF $MOAT

Money Concepts Capital Corp purchased a new stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,479 shares of the company’s stock, valued at approximately $3,818,000.

Several other hedge funds also recently modified their holdings of MOAT. Mercer Global Advisors Inc. ADV boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 1,690.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 794,616 shares of the company’s stock valued at $78,727,000 after purchasing an additional 750,236 shares in the last quarter. Balance Wealth LLC increased its stake in shares of VanEck Morningstar Wide Moat ETF by 102.7% in the fourth quarter. Balance Wealth LLC now owns 11,830 shares of the company’s stock valued at $1,225,000 after buying an additional 5,995 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new position in VanEck Morningstar Wide Moat ETF in the 4th quarter valued at approximately $2,195,000. Boston Family Office LLC raised its holdings in VanEck Morningstar Wide Moat ETF by 14.2% in the 4th quarter. Boston Family Office LLC now owns 66,197 shares of the company’s stock valued at $6,855,000 after buying an additional 8,218 shares during the last quarter. Finally, BCS Wealth Management raised its holdings in VanEck Morningstar Wide Moat ETF by 71.5% in the 4th quarter. BCS Wealth Management now owns 26,537 shares of the company’s stock valued at $2,748,000 after buying an additional 11,060 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

BATS:MOAT opened at $105.69 on Friday. VanEck Morningstar Wide Moat ETF has a one year low of $93.96 and a one year high of $108.10. The company has a market cap of $14.27 billion, a PE ratio of 22.53 and a beta of 1.02. The firm’s 50 day simple moving average is $102.38 and its 200 day simple moving average is $102.70.

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.