Western Wealth Management LLC Has $428,000 Stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Western Wealth Management LLC lowered its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 93.9% during the fourth quarter, HoldingsChannel reports. The fund owned 4,620 shares of the company’s stock after selling 71,440 shares during the quarter. Western Wealth Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MOAT. Raymond James Financial Inc. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $502,621,000. Mesirow Financial Investment Management Inc. increased its stake in shares of VanEck Morningstar Wide Moat ETF by 32.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 3,500,055 shares of the company’s stock valued at $324,541,000 after buying an additional 858,400 shares during the period. Wells Fargo & Company MN increased its stake in shares of VanEck Morningstar Wide Moat ETF by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,714,039 shares of the company’s stock valued at $251,659,000 after buying an additional 77,724 shares during the period. Royal Bank of Canada raised its holdings in VanEck Morningstar Wide Moat ETF by 2.7% in the 4th quarter. Royal Bank of Canada now owns 1,138,998 shares of the company’s stock valued at $105,613,000 after buying an additional 30,145 shares during the last quarter. Finally, First Foundation Advisors boosted its position in VanEck Morningstar Wide Moat ETF by 3.7% during the 4th quarter. First Foundation Advisors now owns 1,100,938 shares of the company’s stock worth $102,084,000 after buying an additional 39,447 shares during the period.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT opened at $88.30 on Friday. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $75.43 and a fifty-two week high of $99.06. The company’s 50 day moving average price is $85.80 and its two-hundred day moving average price is $91.39. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 24.86 and a beta of 1.02.

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.