Elevation Point Wealth Partners LLC Makes New Investment in VanEck Morningstar Wide Moat ETF $MOAT

Elevation Point Wealth Partners LLC bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the first quarter, Holdings Channel.com reports. The firm bought 7,107 shares of the company’s stock, valued at approximately $687,000.

A number of other hedge funds also recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 58.5% in the 1st quarter. Sound Income Strategies LLC now owns 918 shares of the company’s stock valued at $89,000 after purchasing an additional 339 shares in the last quarter. Randolph Co Inc grew its stake in shares of VanEck Morningstar Wide Moat ETF by 11.5% during the first quarter. Randolph Co Inc now owns 2,440 shares of the company’s stock worth $236,000 after buying an additional 251 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 1.6% during the first quarter. Root Financial Partners LLC now owns 9,799 shares of the company’s stock worth $948,000 after buying an additional 152 shares in the last quarter. Ferguson Shapiro LLC increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 6.5% during the first quarter. Ferguson Shapiro LLC now owns 94,614 shares of the company’s stock worth $9,149,000 after buying an additional 5,783 shares in the last quarter. Finally, Graver Capital Management LLC lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 7.7% in the 1st quarter. Graver Capital Management LLC now owns 191,550 shares of the company’s stock valued at $18,523,000 after acquiring an additional 13,755 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT opened at $106.01 on Wednesday. VanEck Morningstar Wide Moat ETF has a 52 week low of $93.96 and a 52 week high of $108.10. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The stock has a fifty day moving average of $102.19 and a 200-day moving average of $102.70.

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.