Gradient Investments LLC Buys 35,422 Shares of VanEck Morningstar SMID Moat ETF $SMOT

Gradient Investments LLC raised its stake in VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 905,457 shares of the company’s stock after acquiring an additional 35,422 shares during the quarter. Gradient Investments LLC owned about 8.14% of VanEck Morningstar SMID Moat ETF worth $35,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SMOT. Focused Alpha LLC acquired a new position in shares of VanEck Morningstar SMID Moat ETF during the fourth quarter worth approximately $3,814,000. Bank of America Corp DE grew its stake in shares of VanEck Morningstar SMID Moat ETF by 18.7% during the second quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock valued at $21,216,000 after purchasing an additional 95,940 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of VanEck Morningstar SMID Moat ETF by 5.7% in the fourth quarter. Great Lakes Advisors LLC now owns 1,134,513 shares of the company’s stock valued at $41,069,000 after purchasing an additional 60,940 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of VanEck Morningstar SMID Moat ETF in the first quarter valued at approximately $2,040,000. Finally, Vise Technologies Inc. acquired a new stake in shares of VanEck Morningstar SMID Moat ETF in the fourth quarter valued at approximately $1,306,000.

VanEck Morningstar SMID Moat ETF Price Performance

SMOT stock opened at $40.77 on Friday. The company has a 50 day moving average price of $39.11 and a 200 day moving average price of $37.51. VanEck Morningstar SMID Moat ETF has a fifty-two week low of $34.25 and a fifty-two week high of $40.85. The stock has a market capitalization of $453.77 million, a PE ratio of 17.96 and a beta of 1.28.

VanEck Morningstar SMID Moat ETF Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.