Financial Solutions Advisory Group Inc. Invests $10.76 Million in VanEck Morningstar Wide Moat ETF $MOAT

Financial Solutions Advisory Group Inc. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 111,293 shares of the company’s stock, valued at approximately $10,762,000. VanEck Morningstar Wide Moat ETF comprises approximately 1.5% of Financial Solutions Advisory Group Inc.’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOAT. Orion Porfolio Solutions LLC grew its position in VanEck Morningstar Wide Moat ETF by 1,387.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 611,633 shares of the company’s stock worth $57,365,000 after purchasing an additional 570,500 shares during the last quarter. New England Private Wealth Advisors LLC lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 184.4% during the fourth quarter. New England Private Wealth Advisors LLC now owns 510,560 shares of the company’s stock worth $53,268,000 after buying an additional 331,044 shares during the period. Southern Farm Bureau Life Insurance grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 31.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 1,107,967 shares of the company’s stock valued at $114,720,000 after buying an additional 262,940 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at $25,653,000. Finally, LPL Financial LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,583,657 shares of the company’s stock valued at $681,803,000 after acquiring an additional 180,972 shares during the period.

VanEck Morningstar Wide Moat ETF Price Performance

BATS MOAT opened at $108.08 on Friday. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The stock’s fifty day moving average price is $104.24 and its 200 day moving average price is $102.89. VanEck Morningstar Wide Moat ETF has a 1 year low of $94.07 and a 1 year high of $109.24.

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.