Axxcess Wealth Management LLC Sells 9,510 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Axxcess Wealth Management LLC lowered its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 17.0% during the first quarter, Holdings Channel reports. The institutional investor owned 46,388 shares of the company’s stock after selling 9,510 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MOAT. Clare Market Investments LLC bought a new stake in VanEck Morningstar Wide Moat ETF in the first quarter valued at about $394,000. QRG Capital Management Inc. grew its stake in shares of VanEck Morningstar Wide Moat ETF by 11.5% in the 1st quarter. QRG Capital Management Inc. now owns 3,520 shares of the company’s stock valued at $340,000 after purchasing an additional 363 shares during the period. Altus Wealth Group LLC raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 4.4% in the 1st quarter. Altus Wealth Group LLC now owns 196,074 shares of the company’s stock worth $18,960,000 after buying an additional 8,225 shares in the last quarter. Leelyn Smith LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF by 4.1% during the 1st quarter. Leelyn Smith LLC now owns 511,612 shares of the company’s stock worth $49,473,000 after buying an additional 20,186 shares during the period. Finally, BIP Wealth LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF by 212.5% during the 1st quarter. BIP Wealth LLC now owns 6,903 shares of the company’s stock worth $667,000 after buying an additional 4,694 shares during the period.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of MOAT stock opened at $106.01 on Wednesday. The stock’s fifty day simple moving average is $102.19 and its 200 day simple moving average is $102.70. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a one year low of $93.96 and a one year high of $108.10.

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.