Kayne Anderson Rudnick Investment Management LLC Makes New $281,000 Investment in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Kayne Anderson Rudnick Investment Management LLC bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 4th quarter, HoldingsChannel reports. The fund bought 3,030 shares of the company’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in VanEck Morningstar Wide Moat ETF during the 4th quarter valued at about $502,621,000. Mesirow Financial Investment Management Inc. boosted its position in VanEck Morningstar Wide Moat ETF by 32.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 3,500,055 shares of the company’s stock valued at $324,541,000 after purchasing an additional 858,400 shares during the last quarter. Virtus Wealth Solutions LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the 4th quarter worth about $25,263,000. Jones Financial Companies Lllp lifted its holdings in shares of VanEck Morningstar Wide Moat ETF by 62.0% during the 4th quarter. Jones Financial Companies Lllp now owns 680,945 shares of the company’s stock valued at $63,141,000 after buying an additional 260,624 shares during the last quarter. Finally, SK Wealth Management LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter valued at approximately $22,253,000.

VanEck Morningstar Wide Moat ETF Stock Down 11.4 %

BATS MOAT opened at $81.78 on Wednesday. The company has a 50 day moving average price of $87.33 and a two-hundred day moving average price of $92.65. VanEck Morningstar Wide Moat ETF has a 12-month low of $75.43 and a 12-month high of $99.06. The stock has a market capitalization of $12.19 billion, a PE ratio of 23.67 and a beta of 1.03.

VanEck Morningstar Wide Moat ETF 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.