Gateway Wealth Partners LLC increased its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,393 shares of the company’s stock after purchasing an additional 299 shares during the period. Gateway Wealth Partners LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $294,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in VanEck Morningstar Wide Moat ETF by 1.7% during the 2nd quarter. NewEdge Advisors LLC now owns 174,037 shares of the company’s stock valued at $15,073,000 after acquiring an additional 2,834 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in VanEck Morningstar Wide Moat ETF by 4.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 938,143 shares of the company’s stock valued at $81,252,000 after acquiring an additional 39,522 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $209,000. Magnolia Capital Advisors LLC bought a new stake in VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $14,150,000. Finally, Smith Thornton Advisors LLC bought a new stake in VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $1,151,000.
VanEck Morningstar Wide Moat ETF Stock Up 0.1 %
Shares of VanEck Morningstar Wide Moat ETF stock opened at $96.94 on Tuesday. The firm’s fifty day simple moving average is $92.71 and its two-hundred day simple moving average is $89.13. The company has a market cap of $16.39 billion, a P/E ratio of 28.30 and a beta of 1.01.
VanEck Morningstar Wide Moat ETF Company 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.
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