Pekin Hardy Strauss Inc. Has $1.06 Million Stock Holdings in VanEck Morningstar Wide Moat ETF $MOAT

Pekin Hardy Strauss Inc. boosted its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,245 shares of the company’s stock after purchasing an additional 1,395 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOAT. Brighton Jones LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter valued at about $528,000. Envestnet Asset Management Inc. lifted its stake in VanEck Morningstar Wide Moat ETF by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 653,438 shares of the company’s stock worth $57,503,000 after purchasing an additional 55,612 shares during the period. Financial Gravity Asset Management Inc. bought a new position in VanEck Morningstar Wide Moat ETF during the first quarter worth about $29,000. Joseph Group Capital Management acquired a new stake in VanEck Morningstar Wide Moat ETF during the first quarter valued at approximately $11,030,000. Finally, Acorn Wealth Advisors LLC grew its stake in shares of VanEck Morningstar Wide Moat ETF by 1.4% in the 1st quarter. Acorn Wealth Advisors LLC now owns 95,893 shares of the company’s stock valued at $8,439,000 after purchasing an additional 1,335 shares during the period.

VanEck Morningstar Wide Moat ETF Trading Up 8.3%

Shares of MOAT opened at $99.99 on Friday. VanEck Morningstar Wide Moat ETF has a 1 year low of $75.43 and a 1 year high of $99.41. The stock has a 50 day simple moving average of $99.72 and a 200-day simple moving average of $95.39. The stock has a market cap of $13.50 billion, a PE 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.