Gradient Investments LLC Purchases 34,296 Shares of VanEck Morningstar SMID Moat ETF $SMOT

Gradient Investments LLC lifted its position in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 822,960 shares of the company’s stock after purchasing an additional 34,296 shares during the period. Gradient Investments LLC owned 7.39% of VanEck Morningstar SMID Moat ETF worth $29,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMOT. Great Lakes Advisors LLC increased its stake in VanEck Morningstar SMID Moat ETF by 7.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,073,573 shares of the company’s stock valued at $38,735,000 after buying an additional 74,823 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of VanEck Morningstar SMID Moat ETF by 18.7% in the 2nd quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock worth $21,216,000 after buying an additional 95,940 shares during the last quarter. Apexium Financial LP boosted its stake in shares of VanEck Morningstar SMID Moat ETF by 1.6% in the 3rd quarter. Apexium Financial LP now owns 329,963 shares of the company’s stock worth $11,905,000 after buying an additional 5,207 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 0.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 257,826 shares of the company’s stock valued at $9,302,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 5.4% in the third quarter. Raymond James Financial Inc. now owns 187,455 shares of the company’s stock valued at $6,763,000 after acquiring an additional 9,622 shares in the last quarter.

VanEck Morningstar SMID Moat ETF Trading Down 1.3%

Shares of SMOT opened at $34.40 on Monday. The stock has a 50 day moving average of $36.75 and a 200 day moving average of $36.42. The company has a market capitalization of $382.87 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. VanEck Morningstar SMID Moat ETF has a 12 month low of $27.93 and a 12 month high of $37.91.

VanEck Morningstar SMID Moat ETF Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.