Jacksonville Wealth Management LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 45,771 shares of the company’s stock, valued at approximately $4,838,000. VanEck Morningstar Wide Moat ETF makes up approximately 2.5% of Jacksonville Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position.
Other institutional investors have also made changes to their positions in the company. Northeast Investment Management bought a new position in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter worth about $351,000. Compass Financial Management LLC boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 142.5% in the 3rd quarter. Compass Financial Management LLC now owns 8,095 shares of the company’s stock valued at $856,000 after buying an additional 4,757 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $103,000. Farrow Financial Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $10,042,000. Finally, Lunt Capital Management Inc. grew its position in shares of VanEck Morningstar Wide Moat ETF by 1.3% during the 3rd quarter. Lunt Capital Management Inc. now owns 35,967 shares of the company’s stock valued at $3,802,000 after buying an additional 460 shares during the last quarter.
VanEck Morningstar Wide Moat ETF Stock Up 3.4%
MOAT opened at $117.99 on Thursday. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 22.24 and a beta of 0.97. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $94.07 and a fifty-two week high of $118.52. The company’s 50-day moving average price is $110.28 and its 200 day moving average price is $105.47.
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.
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