Novare Capital Management LLC Cuts Stock Position in VanEck Morningstar Wide Moat ETF $MOAT

Novare Capital Management LLC decreased its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 93.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,331 shares of the company’s stock after selling 99,229 shares during the quarter. Novare Capital Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter worth about $29,000. First Horizon Corp purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter valued at about $31,000. Russell Investments Group Ltd. raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 60.9% during the 4th quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after buying an additional 112 shares during the period. Empowered Funds LLC acquired a new position in VanEck Morningstar Wide Moat ETF during the 4th quarter worth approximately $32,000. Finally, Harbor Investment Advisory LLC acquired a new position in VanEck Morningstar Wide Moat ETF during the 4th quarter worth approximately $33,000.

VanEck Morningstar Wide Moat ETF Stock Down 1.1%

BATS MOAT opened at $100.99 on Tuesday. The stock has a market cap of $13.63 billion, a PE ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $90.07 and a fifty-two week high of $108.10. The business has a 50 day moving average price of $101.46 and a two-hundred day moving average price of $102.77.

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.