Brookstone Capital Management Has $26.12 Million Position in VanEck Morningstar Wide Moat ETF $MOAT

Brookstone Capital Management cut its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 270,078 shares of the company’s stock after selling 8,967 shares during the period. Brookstone Capital Management’s holdings in VanEck Morningstar Wide Moat ETF were worth $26,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Mcguire Capital Advisors Inc. bought a new position in VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $29,000. First Horizon Corp bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter worth approximately $31,000. Russell Investments Group Ltd. grew its position in shares of VanEck Morningstar Wide Moat ETF by 60.9% in the fourth quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after purchasing an additional 112 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter valued at approximately $32,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter valued at approximately $33,000.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT opened at $102.12 on Monday. The business has a fifty day simple moving average of $101.41 and a 200 day simple moving average of $102.79. VanEck Morningstar Wide Moat ETF has a 1 year low of $90.07 and a 1 year high of $108.10. The company has a market capitalization of $13.79 billion, a PE ratio of 22.53 and a beta of 1.02.

VanEck Morningstar Wide Moat ETF 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.