Western Pacific Wealth Management LP Acquires New Position in VanEck Morningstar Wide Moat ETF $MOAT

Western Pacific Wealth Management LP acquired a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 3rd quarter, HoldingsChannel reports. The fund acquired 5,506 shares of the company’s stock, valued at approximately $582,000. VanEck Morningstar Wide Moat ETF makes up 0.5% of Western Pacific Wealth Management LP’s holdings, making the stock its 28th largest position.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of VanEck Morningstar Wide Moat ETF by 10.8% during the 1st quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock valued at $80,630,000 after acquiring an additional 81,552 shares during the period. Verde Capital Management grew its holdings in VanEck Morningstar Wide Moat ETF by 5.1% in the first quarter. Verde Capital Management now owns 658,249 shares of the company’s stock worth $63,653,000 after purchasing an additional 31,931 shares during the period. Kelman Lazarov Inc. grew its holdings in VanEck Morningstar Wide Moat ETF by 0.9% in the first quarter. Kelman Lazarov Inc. now owns 561,025 shares of the company’s stock worth $54,251,000 after purchasing an additional 5,005 shares during the period. Harbor Group Inc. acquired a new stake in VanEck Morningstar Wide Moat ETF in the third quarter worth $53,492,000. Finally, Leelyn Smith LLC grew its holdings in VanEck Morningstar Wide Moat ETF by 4.1% in the first quarter. Leelyn Smith LLC now owns 511,612 shares of the company’s stock worth $49,473,000 after purchasing an additional 20,186 shares during the period.

VanEck Morningstar Wide Moat ETF Trading Down 0.5%

MOAT opened at $110.63 on Friday. VanEck Morningstar Wide Moat ETF has a 1-year low of $94.07 and a 1-year high of $115.58. The company has a market cap of $14.94 billion, a P/E ratio of 22.53 and a beta of 1.02. The company has a fifty day moving average price of $110.46 and a two-hundred day moving average price of $105.45.

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.