PNC Financial Services Group Inc. Sells 2,722 Shares of VanEck Morningstar Wide Moat ETF $MOAT

PNC Financial Services Group Inc. decreased its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,084 shares of the company’s stock after selling 2,722 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOAT. QRG Capital Management Inc. boosted its stake in VanEck Morningstar Wide Moat ETF by 10.8% during the 2nd quarter. QRG Capital Management Inc. now owns 3,467 shares of the company’s stock worth $325,000 after acquiring an additional 339 shares during the last quarter. Summit Asset Management LLC increased its stake in VanEck Morningstar Wide Moat ETF by 1.6% in the first quarter. Summit Asset Management LLC now owns 372,994 shares of the company’s stock valued at $32,823,000 after purchasing an additional 5,834 shares in the last quarter. Harbour Investments Inc. raised its holdings in VanEck Morningstar Wide Moat ETF by 32.8% in the first quarter. Harbour Investments Inc. now owns 22,401 shares of the company’s stock worth $1,971,000 after purchasing an additional 5,535 shares during the period. Jones Financial Companies Lllp boosted its position in shares of VanEck Morningstar Wide Moat ETF by 29.6% during the first quarter. Jones Financial Companies Lllp now owns 882,771 shares of the company’s stock worth $77,410,000 after purchasing an additional 201,826 shares in the last quarter. Finally, Ayalon Insurance Comp Ltd. boosted its position in shares of VanEck Morningstar Wide Moat ETF by 0.5% during the second quarter. Ayalon Insurance Comp Ltd. now owns 40,145 shares of the company’s stock worth $3,765,000 after purchasing an additional 190 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Stock Up 7.5%

Shares of MOAT stock opened at $99.18 on Wednesday. VanEck Morningstar Wide Moat ETF has a 12-month low of $75.43 and a 12-month high of $99.41. The firm has a fifty day moving average of $100.06 and a 200-day moving average of $96.31. The firm has a market capitalization of $13.39 billion, a price-to-earnings 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.