Summit Asset Management LLC Boosts Stake in VanEck Morningstar Wide Moat ETF $MOAT

Summit Asset Management LLC increased its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 1.3% in the first quarter, Holdings Channel reports. The firm owned 386,988 shares of the company’s stock after buying an additional 4,925 shares during the quarter. VanEck Morningstar Wide Moat ETF accounts for approximately 5.2% of Summit Asset Management LLC’s holdings, making the stock its 6th biggest holding. Summit Asset Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $37,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MBM Wealth Consultants LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the first quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter worth about $29,000. First Horizon Corp bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $31,000. Russell Investments Group Ltd. increased its stake in shares of VanEck Morningstar Wide Moat ETF by 60.9% in the 4th quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after acquiring an additional 112 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $32,000.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of BATS:MOAT opened at $106.14 on Tuesday. The firm’s 50 day simple moving average is $103.18 and its 200 day simple moving average is $102.80. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $94.07 and a fifty-two week high of $108.10. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02.

VanEck Morningstar Wide Moat ETF Company 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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.