Principle Wealth Partners LLC Raises Stake in VanEck Morningstar SMID Moat ETF (BATS:SMOT)

Principle Wealth Partners LLC raised its position in VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,045 shares of the company’s stock after buying an additional 75,526 shares during the quarter. VanEck Morningstar SMID Moat ETF comprises about 1.8% of Principle Wealth Partners LLC’s holdings, making the stock its 9th largest position. Principle Wealth Partners LLC owned about 12.63% of VanEck Morningstar SMID Moat ETF worth $20,760,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc bought a new stake in shares of VanEck Morningstar SMID Moat ETF during the 3rd quarter valued at $129,000. Commonwealth Equity Services LLC raised its stake in shares of VanEck Morningstar SMID Moat ETF by 840.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 86,849 shares of the company’s stock valued at $2,469,000 after purchasing an additional 77,614 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of VanEck Morningstar SMID Moat ETF by 7.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,803 shares of the company’s stock valued at $1,643,000 after purchasing an additional 3,934 shares during the period. Financial Management Network Inc. raised its stake in shares of VanEck Morningstar SMID Moat ETF by 27.8% during the 3rd quarter. Financial Management Network Inc. now owns 428,631 shares of the company’s stock valued at $11,955,000 after purchasing an additional 93,157 shares during the period. Finally, Raymond James & Associates raised its stake in shares of VanEck Morningstar SMID Moat ETF by 197.7% during the 3rd quarter. Raymond James & Associates now owns 82,572 shares of the company’s stock valued at $2,347,000 after purchasing an additional 54,835 shares during the period.

VanEck Morningstar SMID Moat ETF Stock Up 0.2 %

Shares of BATS:SMOT traded up $0.07 during midday trading on Friday, reaching $32.13. 74,267 shares of the company traded hands. The company has a market capitalization of $330.94 million, a price-to-earnings ratio of 16.72 and a beta of 1.14. The business’s 50 day moving average price is $32.76 and its two-hundred day moving average price is $30.67.

VanEck Morningstar SMID Moat ETF Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations.