Verde Capital Management raised its holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 5.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 658,249 shares of the company’s stock after acquiring an additional 31,931 shares during the quarter. VanEck Morningstar Wide Moat ETF makes up about 13.6% of Verde Capital Management’s portfolio, making the stock its 2nd largest holding. Verde Capital Management owned about 0.49% of VanEck Morningstar Wide Moat ETF worth $63,653,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Mcguire Capital Advisors Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter worth $29,000. First Horizon Corp bought a new position in VanEck Morningstar Wide Moat ETF during the 4th quarter worth $31,000. Russell Investments Group Ltd. grew its position in shares of VanEck Morningstar Wide Moat ETF by 60.9% in 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 last quarter. Empowered Funds LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $32,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $33,000.
VanEck Morningstar Wide Moat ETF Trading Down 1.1%
Shares of MOAT stock opened at $100.99 on Tuesday. VanEck Morningstar Wide Moat ETF has a 1-year low of $90.07 and a 1-year high of $108.10. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The stock has a 50-day moving average of $101.46 and a 200-day moving average of $102.77.
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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