Provident Wealth Management LLC Makes New Investment in VanEck Morningstar Wide Moat ETF $MOAT

Provident Wealth Management LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,808 shares of the company’s stock, valued at approximately $1,460,000. VanEck Morningstar Wide Moat ETF accounts for about 0.5% of Provident Wealth Management LLC’s portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 10.8% during the first quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock valued at $80,630,000 after purchasing an additional 81,552 shares during the period. Verde Capital Management raised its stake in shares of VanEck Morningstar Wide Moat ETF by 5.1% during the first quarter. Verde Capital Management now owns 658,249 shares of the company’s stock valued at $63,653,000 after purchasing an additional 31,931 shares in the last quarter. Kelman Lazarov Inc. raised its stake in shares of VanEck Morningstar Wide Moat ETF by 0.9% during the first quarter. Kelman Lazarov Inc. now owns 561,025 shares of the company’s stock valued at $54,251,000 after purchasing an additional 5,005 shares in the last quarter. Leelyn Smith LLC raised its stake in shares of VanEck Morningstar Wide Moat ETF by 4.1% during the first quarter. Leelyn Smith LLC now owns 511,612 shares of the company’s stock valued at $49,473,000 after purchasing an additional 20,186 shares in the last quarter. Finally, Harbor Group Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the third quarter valued at about $53,492,000.

VanEck Morningstar Wide Moat ETF Stock Up 1.2%

MOAT stock opened at $111.80 on Wednesday. The company has a market capitalization of $15.09 billion, a P/E ratio of 22.53 and a beta of 1.02. The company has a 50-day simple moving average of $110.38 and a 200 day simple moving average of $105.73. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $94.07 and a fifty-two week high of $115.58.

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.