Provident Wealth Management LLC lowered its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) by 7.5% in the second quarter, Holdings Channel reports. The institutional investor owned 23,404 shares of the company’s stock after selling 1,884 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises approximately 0.7% of Provident Wealth Management LLC’s holdings, making the stock its 22nd largest position. Provident Wealth Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,195,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Garrison Bradford & Associates Inc. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in VanEck Morningstar Wide Moat ETF in the 1st quarter valued at approximately $26,000. Keystone Global Partners LLC acquired a new stake in VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. acquired a new stake in VanEck Morningstar Wide Moat ETF in the 1st quarter valued at approximately $29,000. Finally, Golden State Wealth Management LLC increased its holdings in VanEck Morningstar Wide Moat ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 408 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares during the last quarter.
VanEck Morningstar Wide Moat ETF Stock Performance
VanEck Morningstar Wide Moat ETF stock opened at $99.13 on Wednesday. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $75.43 and a fifty-two week high of $99.41. The firm has a 50 day moving average price of $97.96 and a 200 day moving average price of $92.21. The company has a market capitalization of $13.38 billion, a PE ratio of 22.53 and a beta of 1.02.
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.
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