VanEck Morningstar Wide Moat ETF $MOAT is Altus Wealth Group LLC’s 2nd Largest Position

Altus Wealth Group LLC lifted its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 4.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 196,074 shares of the company’s stock after purchasing an additional 8,225 shares during the period. VanEck Morningstar Wide Moat ETF makes up about 7.8% of Altus Wealth Group LLC’s investment portfolio, making the stock its 2nd biggest position. Altus Wealth Group LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $18,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MBM Wealth Consultants LLC purchased a new stake in VanEck Morningstar Wide Moat ETF in the 1st quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter worth $29,000. Russell Investments Group Ltd. raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 60.9% during the 4th quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock worth $31,000 after acquiring an additional 112 shares during the period. First Horizon Corp purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter worth $31,000. Finally, Empowered Funds LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter valued at about $32,000.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT opened at $106.29 on Friday. VanEck Morningstar Wide Moat ETF has a 12-month low of $93.96 and a 12-month high of $108.10. The firm has a 50-day moving average price of $101.98 and a 200 day moving average price of $102.70. The firm has a market capitalization of $14.35 billion, a P/E ratio of 22.53 and a beta of 1.02.

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.