Sequoia Financial Advisors LLC Reduces Stock Position in VanEck Morningstar Wide Moat ETF $MOAT

Sequoia Financial Advisors LLC trimmed its holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 14.3% in the first quarter, Holdings Channel reports. The institutional investor owned 131,329 shares of the company’s stock after selling 21,910 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $12,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MOAT. MBM Wealth Consultants LLC bought a new stake in VanEck Morningstar Wide Moat ETF during the 1st quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter worth $29,000. First Horizon Corp purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter valued at $31,000. Russell Investments Group Ltd. grew its position in shares of VanEck Morningstar Wide Moat ETF by 60.9% in the fourth quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after purchasing an additional 112 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter valued at $32,000.

VanEck Morningstar Wide Moat ETF Stock Up 0.5%

Shares of BATS:MOAT traded up $0.57 during midday trading on Friday, reaching $106.26. 434,399 shares of the company traded hands, compared to its average volume of 1,004,335. The firm’s fifty day moving average price is $102.50 and its two-hundred day moving average price is $102.73. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 12 month low of $93.96 and a 12 month high of $108.10.

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.