Financial Management Network Inc. Increases Stake in VanEck Morningstar SMID Moat ETF (BATS:SMOT)

Financial Management Network Inc. grew its position in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 527,215 shares of the company’s stock after acquiring an additional 18,666 shares during the period. VanEck Morningstar SMID Moat ETF accounts for approximately 3.8% of Financial Management Network Inc.’s holdings, making the stock its 4th largest holding. Financial Management Network Inc.’s holdings in VanEck Morningstar SMID Moat ETF were worth $18,263,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of VanEck Morningstar SMID Moat ETF during the 4th quarter valued at about $146,000. Tranquility Partners LLC increased its position in shares of VanEck Morningstar SMID Moat ETF by 8.8% during the 4th quarter. Tranquility Partners LLC now owns 11,508 shares of the company’s stock valued at $397,000 after purchasing an additional 930 shares during the last quarter. Principle Wealth Partners LLC increased its position in shares of VanEck Morningstar SMID Moat ETF by 0.5% during the 4th quarter. Principle Wealth Partners LLC now owns 780,194 shares of the company’s stock valued at $26,893,000 after purchasing an additional 4,235 shares during the last quarter. Stiles Financial Services Inc grew its position in VanEck Morningstar SMID Moat ETF by 47.1% during the 4th quarter. Stiles Financial Services Inc now owns 19,679 shares of the company’s stock worth $678,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Stephens Inc. AR grew its position in VanEck Morningstar SMID Moat ETF by 4.8% during the 4th quarter. Stephens Inc. AR now owns 39,278 shares of the company’s stock worth $1,354,000 after acquiring an additional 1,805 shares during the last quarter.

VanEck Morningstar SMID Moat ETF Trading Up 5.5 %

SMOT opened at $36.64 on Wednesday. The stock’s 50-day moving average is $35.57 and its 200 day moving average is $34.99. The company has a market cap of $388.37 million, a price-to-earnings ratio of 16.99 and a beta of 1.10.

VanEck Morningstar SMID Moat ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were given a dividend of $0.4082 per share. The ex-dividend date was Monday, December 23rd.

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.