VanEck Morningstar Wide Moat ETF $MOAT Stake Lifted by Verde Capital Management

Verde Capital Management raised its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 626,318 shares of the company’s stock after purchasing an additional 18,449 shares during the period. VanEck Morningstar Wide Moat ETF accounts for approximately 13.8% of Verde Capital Management’s portfolio, making the stock its 2nd biggest holding. Verde Capital Management owned approximately 0.46% of VanEck Morningstar Wide Moat ETF worth $64,862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOAT. TD Waterhouse Canada Inc. purchased a new position in VanEck Morningstar Wide Moat ETF in the 3rd quarter valued at $26,000. First Horizon Corp purchased a new stake in VanEck Morningstar Wide Moat ETF during the fourth quarter worth about $31,000. Harbor Investment Advisory LLC purchased a new stake in VanEck Morningstar Wide Moat ETF during the fourth quarter worth about $33,000. Paladin Advisory Group LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the third quarter worth approximately $34,000. Finally, IAG Wealth Partners LLC increased its stake in VanEck Morningstar Wide Moat ETF by 228.7% in the third quarter. IAG Wealth Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after purchasing an additional 263 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Trading Up 1.1%

MOAT stock opened at $100.41 on Tuesday. The business has a 50 day simple moving average of $99.28 and a 200-day simple moving average of $102.53. VanEck Morningstar Wide Moat ETF has a twelve month low of $87.68 and a twelve month high of $108.10. The company has a market capitalization of $13.56 billion, a P/E ratio of 22.53 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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.