Gradient Investments LLC Sells 410,996 Shares of VanEck Morningstar SMID Moat ETF $SMOT

Gradient Investments LLC lessened its holdings in VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 30.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 925,609 shares of the company’s stock after selling 410,996 shares during the quarter. Gradient Investments LLC owned approximately 0.08% of VanEck Morningstar SMID Moat ETF worth $34,687,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of VanEck Morningstar SMID Moat ETF during the first quarter worth approximately $82,000. Independent Financial Group LLC bought a new position in VanEck Morningstar SMID Moat ETF in the first quarter valued at approximately $290,000. Fifth Third Bancorp acquired a new stake in VanEck Morningstar SMID Moat ETF during the 1st quarter worth $350,000. Royal Bank of Canada grew its holdings in VanEck Morningstar SMID Moat ETF by 60.4% during the 1st quarter. Royal Bank of Canada now owns 15,888 shares of the company’s stock worth $559,000 after acquiring an additional 5,981 shares during the period. Finally, Bank of New Hampshire raised its position in shares of VanEck Morningstar SMID Moat ETF by 484.3% during the 4th quarter. Bank of New Hampshire now owns 23,926 shares of the company’s stock valued at $866,000 after acquiring an additional 19,831 shares during the last quarter.

VanEck Morningstar SMID Moat ETF Price Performance

Shares of SMOT stock traded up $0.14 during trading hours on Thursday, reaching $37.74. The company had a trading volume of 15,478 shares, compared to its average volume of 32,227. VanEck Morningstar SMID Moat ETF has a 1-year low of $34.25 and a 1-year high of $41.37. The firm has a market cap of $420.05 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. The company has a 50 day moving average of $39.68 and a 200 day moving average of $38.38.

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. SMOT was launched on Oct 4, 2022 and is managed by VanEck.