Geneos Wealth Management Inc. Sells 33,543 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Geneos Wealth Management Inc. trimmed its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 11.4% during the 4th quarter, HoldingsChannel reports. The fund owned 261,638 shares of the company’s stock after selling 33,543 shares during the quarter. VanEck Morningstar Wide Moat ETF makes up approximately 0.7% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Geneos Wealth Management Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $27,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in VanEck Morningstar Wide Moat ETF during the third quarter valued at about $26,000. First Horizon Corp bought a new position in VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $31,000. Harbor Investment Advisory LLC bought a new position in VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $33,000. Paladin Advisory Group LLC bought a new position in VanEck Morningstar Wide Moat ETF during the third quarter valued at about $34,000. Finally, IAG Wealth Partners LLC increased its stake in VanEck Morningstar Wide Moat ETF by 228.7% during the third quarter. IAG Wealth Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after acquiring an additional 263 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Down 1.0%

Shares of MOAT opened at $100.75 on Friday. VanEck Morningstar Wide Moat ETF has a 12-month low of $82.97 and a 12-month high of $108.10. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The stock’s 50-day moving average price is $100.92 and its 200 day moving average price is $102.57.

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.