Perennial Investment Advisors LLC reduced its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,514 shares of the company’s stock after selling 681 shares during the period. Perennial Investment Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Garrison Bradford & Associates Inc. purchased a new position in VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $26,000. N.E.W. Advisory Services LLC purchased a new stake in VanEck Morningstar Wide Moat ETF during the 1st quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $27,000. Keystone Global Partners LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the second quarter valued at $28,000. Finally, Intelligent Financial Strategies purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the second quarter valued at about $30,000.
VanEck Morningstar Wide Moat ETF Stock Up 7.5%
BATS MOAT opened at $99.18 on Wednesday. The firm has a market cap of $13.39 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 52-week low of $75.43 and a 52-week high of $99.41. The business’s 50-day moving average price is $100.06 and its 200 day moving average price is $96.31.
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.
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