Pinnacle Financial Partners Inc Raises Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Pinnacle Financial Partners Inc grew its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 81.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373 shares of the company’s stock after purchasing an additional 167 shares during the period. Pinnacle Financial Partners Inc’s holdings in VanEck Morningstar Wide Moat ETF were worth $36,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. increased its position in shares of VanEck Morningstar Wide Moat ETF by 3.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,641,655 shares of the company’s stock valued at $256,113,000 after acquiring an additional 91,428 shares during the period. Commonwealth Equity Services LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 1.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,489,450 shares of the company’s stock valued at $215,611,000 after acquiring an additional 30,142 shares during the period. Raymond James & Associates increased its position in shares of VanEck Morningstar Wide Moat ETF by 0.3% in the 3rd quarter. Raymond James & Associates now owns 2,386,177 shares of the company’s stock valued at $231,340,000 after acquiring an additional 7,909 shares during the period. Osaic Holdings Inc. increased its position in shares of VanEck Morningstar Wide Moat ETF by 12.8% in the 1st quarter. Osaic Holdings Inc. now owns 1,739,857 shares of the company’s stock valued at $156,380,000 after acquiring an additional 198,105 shares during the period. Finally, CWM LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 10.5% in the 3rd quarter. CWM LLC now owns 1,152,800 shares of the company’s stock valued at $111,764,000 after acquiring an additional 109,394 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

BATS MOAT opened at $94.65 on Friday. The firm has a 50-day moving average price of $95.85 and a two-hundred day moving average price of $91.20. The firm has a market cap of $16.01 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.