TRUE Private Wealth Advisors Invests $399,000 in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

TRUE Private Wealth Advisors purchased a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,698 shares of the company’s stock, valued at approximately $399,000.

A number of other large investors also recently modified their holdings of the business. Morgan Stanley raised its stake in shares of VanEck Morningstar Wide Moat ETF by 20.2% in the third quarter. Morgan Stanley now owns 6,783,213 shares of the company’s stock valued at $514,439,000 after purchasing an additional 1,140,029 shares in the last quarter. LPL Financial LLC lifted its stake in VanEck Morningstar Wide Moat ETF by 8.2% in the third quarter. LPL Financial LLC now owns 5,504,363 shares of the company’s stock valued at $417,451,000 after buying an additional 418,536 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in VanEck Morningstar Wide Moat ETF by 41.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,887,502 shares of the company’s stock valued at $245,062,000 after buying an additional 845,137 shares during the period. Raymond James & Associates lifted its stake in VanEck Morningstar Wide Moat ETF by 7.8% in the fourth quarter. Raymond James & Associates now owns 2,271,276 shares of the company’s stock valued at $192,763,000 after buying an additional 164,926 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of VanEck Morningstar Wide Moat ETF by 15.3% during the third quarter. Ameriprise Financial Inc. now owns 2,239,077 shares of the company’s stock worth $170,905,000 after purchasing an additional 296,676 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

BATS:MOAT opened at $84.11 on Thursday. The company has a market capitalization of $14.19 billion, a P/E ratio of 27.67 and a beta of 1.02. The stock’s 50-day moving average price is $87.11 and its 200-day moving average price is $82.26.

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.