Fairscale Capital LLC Takes $473,000 Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Fairscale Capital LLC purchased a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,291 shares of the company’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the first quarter worth approximately $225,517,000. Cetera Investment Advisers increased its holdings in VanEck Morningstar Wide Moat ETF by 675.1% during the 1st quarter. Cetera Investment Advisers now owns 655,462 shares of the company’s stock worth $58,926,000 after purchasing an additional 570,901 shares during the period. Prudential PLC raised its position in VanEck Morningstar Wide Moat ETF by 8,570.7% during the 4th quarter. Prudential PLC now owns 559,523 shares of the company’s stock valued at $47,487,000 after purchasing an additional 553,070 shares in the last quarter. First Foundation Advisors lifted its holdings in shares of VanEck Morningstar Wide Moat ETF by 57.8% in the 1st quarter. First Foundation Advisors now owns 1,019,331 shares of the company’s stock worth $91,638,000 after buying an additional 373,164 shares during the period. Finally, Brookstone Capital Management grew its position in shares of VanEck Morningstar Wide Moat ETF by 40.8% during the 2nd quarter. Brookstone Capital Management now owns 987,292 shares of the company’s stock worth $88,461,000 after buying an additional 285,929 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of VanEck Morningstar Wide Moat ETF stock opened at $95.07 on Friday. The company’s 50 day moving average price is $91.84 and its two-hundred day moving average price is $88.78. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01.

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.