Lotus Asset Management LLC Takes $551,000 Position in VanEck Morningstar Wide Moat ETF $MOAT

Lotus Asset Management LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,301 shares of the company’s stock, valued at approximately $551,000. VanEck Morningstar Wide Moat ETF comprises approximately 0.5% of Lotus Asset Management LLC’s portfolio, making the stock its 20th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter worth about $25,000. Trust Co. of Vermont purchased a new stake in VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. purchased a new stake in VanEck Morningstar Wide Moat ETF in the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. raised its holdings in VanEck Morningstar Wide Moat ETF by 60.9% in the 4th quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after acquiring an additional 112 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter worth $32,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.8%

MOAT stock opened at $108.96 on Thursday. VanEck Morningstar Wide Moat ETF has a 52-week low of $94.07 and a 52-week high of $115.58. The stock’s fifty day simple moving average is $109.83 and its 200-day simple moving average is $104.19. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02.

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.