Root Financial Partners LLC Acquires New Stake in VanEck Morningstar Wide Moat ETF $MOAT

Root Financial Partners LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the third quarter, HoldingsChannel.com reports. The fund purchased 9,678 shares of the company’s stock, valued at approximately $1,023,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EnRich Financial Partners LLC acquired a new stake in VanEck Morningstar Wide Moat ETF in the third quarter worth about $8,412,000. Hoese & Co LLP purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the third quarter worth about $88,000. Fifth Third Securities Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the third quarter valued at about $2,369,000. Integrated Advisors Network LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the third quarter valued at about $2,792,000. Finally, Sensible Money LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the third quarter valued at about $553,000.

VanEck Morningstar Wide Moat ETF Stock Up 1.4%

MOAT stock opened at $113.11 on Friday. The stock has a market capitalization of $15.27 billion, a PE ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 52 week low of $94.07 and a 52 week high of $115.58. The firm has a 50 day moving average of $110.33 and a 200 day moving average of $105.95.

About VanEck Morningstar Wide Moat ETF

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.