Avalon Capital Management Buys 11,114 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Avalon Capital Management lifted its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 29.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,374 shares of the company’s stock after acquiring an additional 11,114 shares during the period. VanEck Morningstar Wide Moat ETF comprises about 1.2% of Avalon Capital Management’s holdings, making the stock its 23rd biggest position. Avalon Capital Management’s holdings in VanEck Morningstar Wide Moat ETF were worth $5,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Southern Farm Bureau Life Insurance increased its stake in VanEck Morningstar Wide Moat ETF by 31.1% in 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 acquiring an additional 262,940 shares during the period. UBS Group AG boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 13.5% in the 4th quarter. UBS Group AG now owns 1,106,486 shares of the company’s stock valued at $114,588,000 after purchasing an additional 131,322 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 1,690.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 794,616 shares of the company’s stock worth $78,727,000 after purchasing an additional 750,236 shares during the last quarter. Sfmg LLC grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 1.5% in the 4th quarter. Sfmg LLC now owns 640,814 shares of the company’s stock worth $66,363,000 after purchasing an additional 9,698 shares during the last quarter. Finally, Verde Capital Management increased its position in shares of VanEck Morningstar Wide Moat ETF by 3.0% during the 4th quarter. Verde Capital Management now owns 626,318 shares of the company’s stock worth $64,862,000 after purchasing an additional 18,449 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Trading Down 1.4%

BATS:MOAT opened at $102.59 on Thursday. The stock has a market capitalization of $13.85 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 1 year low of $90.06 and a 1 year high of $108.10. The firm has a 50 day moving average of $99.95 and a 200-day moving average of $102.65.

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.