Morningstar Investment Management LLC Buys 8,259 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Morningstar Investment Management LLC raised its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,770 shares of the company’s stock after purchasing an additional 8,259 shares during the period. VanEck Morningstar Wide Moat ETF accounts for approximately 0.6% of Morningstar Investment Management LLC’s holdings, making the stock its 24th biggest position. Morningstar Investment Management LLC owned 0.06% of VanEck Morningstar Wide Moat ETF worth $7,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MOAT. Boulay Financial Advisors LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $159,237,000. Summit Financial LLC boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 4,808.6% during the 1st quarter. Summit Financial LLC now owns 259,028 shares of the company’s stock valued at $22,795,000 after purchasing an additional 253,751 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 560.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 247,757 shares of the company’s stock valued at $23,237,000 after purchasing an additional 210,268 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 29.6% during the 1st quarter. Jones Financial Companies Lllp now owns 882,771 shares of the company’s stock valued at $77,410,000 after purchasing an additional 201,826 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 22,310.0% during the 1st quarter. Empowered Funds LLC now owns 154,405 shares of the company’s stock valued at $13,588,000 after purchasing an additional 153,716 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Up 7.6%

MOAT opened at $99.29 on Tuesday. The firm has a 50-day simple moving average of $98.35 and a two-hundred day simple moving average of $92.86. VanEck Morningstar Wide Moat ETF has a 52 week low of $75.43 and a 52 week high of $99.41. The company has a market capitalization of $13.40 billion, a PE ratio of 22.53 and a beta of 1.02.

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.