IFP Advisors Inc Acquires 8,603 Shares of VanEck Morningstar Wide Moat ETF $MOAT

IFP Advisors Inc raised its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 5.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 161,295 shares of the company’s stock after purchasing an additional 8,603 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Morningstar Wide Moat ETF were worth $17,050,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 10.8% in the first quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock worth $80,630,000 after buying an additional 81,552 shares during the period. Verde Capital Management lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 5.1% during the 1st quarter. Verde Capital Management now owns 658,249 shares of the company’s stock worth $63,653,000 after acquiring an additional 31,931 shares during the last quarter. Kelman Lazarov Inc. lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 0.9% during the 1st quarter. Kelman Lazarov Inc. now owns 561,025 shares of the company’s stock worth $54,251,000 after acquiring an additional 5,005 shares during the last quarter. Harbor Group Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth approximately $53,492,000. Finally, Leelyn Smith LLC lifted its stake 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 acquiring an additional 20,186 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Down 0.5%

MOAT opened at $110.63 on Friday. The business has a fifty day moving average of $110.46 and a 200 day moving average of $105.45. VanEck Morningstar Wide Moat ETF has a 52-week low of $94.07 and a 52-week high of $115.58. The stock has a market cap of $14.94 billion, a P/E ratio of 22.53 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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.