17,978 Shares in VanEck Morningstar Wide Moat ETF $MOAT Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. purchased a new stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the third quarter, Holdings Channel reports. The institutional investor purchased 17,978 shares of the company’s stock, valued at approximately $1,900,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC purchased a new stake in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth $105,396,000. Royal Bank of Canada raised its position in 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 worth $80,630,000 after acquiring an additional 81,552 shares during the period. Harbor Group Inc. acquired a new position in VanEck Morningstar Wide Moat ETF during the third quarter worth $53,492,000. Whitaker Myers Wealth Managers LTD. lifted its holdings in VanEck Morningstar Wide Moat ETF by 6.2% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 430,701 shares of the company’s stock valued at $44,776,000 after purchasing an additional 25,230 shares in the last quarter. Finally, Summit Asset Management LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 1.3% during the first quarter. Summit Asset Management LLC now owns 386,988 shares of the company’s stock valued at $37,422,000 after purchasing an additional 4,925 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Trading Down 0.6%

MOAT traded down $0.66 during midday trading on Friday, hitting $114.26. 322,856 shares of the company traded hands, compared to its average volume of 805,132. The business has a 50 day simple moving average of $110.28 and a two-hundred day simple moving average of $105.55. VanEck Morningstar Wide Moat ETF has a 52-week low of $94.07 and a 52-week high of $118.52. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.24 and a beta of 0.97.

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.