Smart Money Group LLC Cuts Position in VanEck Morningstar Wide Moat ETF $MOAT

Smart Money Group LLC trimmed its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 34.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,075 shares of the company’s stock after selling 5,338 shares during the period. Smart Money Group LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $945,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MOAT. Boulay Financial Advisors LLC raised its stake in shares of VanEck Morningstar Wide Moat ETF by 14.9% during the second quarter. Boulay Financial Advisors LLC now owns 2,079,163 shares of the company’s stock worth $195,005,000 after acquiring an additional 269,654 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in VanEck Morningstar Wide Moat ETF by 29.6% in the first quarter. Jones Financial Companies Lllp now owns 882,771 shares of the company’s stock worth $77,410,000 after purchasing an additional 201,826 shares during the last quarter. Obermeyer Wealth Partners lifted its stake in VanEck Morningstar Wide Moat ETF by 3.5% in the first quarter. Obermeyer Wealth Partners now owns 881,212 shares of the company’s stock worth $77,547,000 after purchasing an additional 29,800 shares during the last quarter. Cetera Investment Advisers boosted its position in VanEck Morningstar Wide Moat ETF by 5.2% during the first quarter. Cetera Investment Advisers now owns 806,650 shares of the company’s stock valued at $70,985,000 after buying an additional 39,664 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of VanEck Morningstar Wide Moat ETF by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 715,951 shares of the company’s stock valued at $67,149,000 after buying an additional 62,513 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Trading Up 8.2%

BATS MOAT opened at $99.85 on Friday. The firm has a market cap of $13.48 billion, a PE ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 1-year low of $75.43 and a 1-year high of $99.41. The stock has a 50-day moving average of $99.69 and a 200-day moving average of $95.25.

VanEck Morningstar Wide Moat ETF 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.