Castlekeep Investment Advisors LLC Invests $5.72 Million in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Castlekeep Investment Advisors LLC bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 61,662 shares of the company’s stock, valued at approximately $5,718,000. VanEck Morningstar Wide Moat ETF accounts for 0.9% of Castlekeep Investment Advisors LLC’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter worth about $502,621,000. Mesirow Financial Investment Management Inc. raised its stake in VanEck Morningstar Wide Moat ETF by 32.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 3,500,055 shares of the company’s stock valued at $324,541,000 after buying an additional 858,400 shares in the last quarter. Wells Fargo & Company MN raised its stake in VanEck Morningstar Wide Moat ETF by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,714,039 shares of the company’s stock valued at $251,659,000 after buying an additional 77,724 shares in the last quarter. Royal Bank of Canada raised its stake in VanEck Morningstar Wide Moat ETF by 2.7% during the fourth quarter. Royal Bank of Canada now owns 1,138,998 shares of the company’s stock valued at $105,613,000 after buying an additional 30,145 shares in the last quarter. Finally, First Foundation Advisors raised its stake in VanEck Morningstar Wide Moat ETF by 3.7% during the fourth quarter. First Foundation Advisors now owns 1,100,938 shares of the company’s stock valued at $102,084,000 after buying an additional 39,447 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Stock Down 4.3%

Shares of BATS MOAT opened at $88.30 on Friday. The stock’s 50 day moving average price is $85.80 and its two-hundred day moving average price is $91.39. VanEck Morningstar Wide Moat ETF has a 52-week low of $75.43 and a 52-week high of $99.06. The stock has a market capitalization of $12.84 billion, a P/E ratio of 24.86 and a beta of 1.02.

VanEck Morningstar Wide Moat ETF Company 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.