Baer Investment Advisory LLC Invests $3.39 Million in VanEck Morningstar Wide Moat ETF $MOAT

Baer Investment Advisory LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 35,033 shares of the company’s stock, valued at approximately $3,388,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOAT. MBM Wealth Consultants LLC bought a new position in VanEck Morningstar Wide Moat ETF in the 1st quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at approximately $29,000. First Horizon Corp purchased a new position in VanEck Morningstar Wide Moat ETF in the 4th quarter worth approximately $31,000. Russell Investments Group Ltd. raised its holdings in VanEck Morningstar Wide Moat ETF by 60.9% in the 4th quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock worth $31,000 after acquiring an additional 112 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in VanEck Morningstar Wide Moat ETF in the 4th quarter worth approximately $32,000.

VanEck Morningstar Wide Moat ETF Stock Performance

MOAT stock opened at $106.29 on Friday. The stock’s 50 day simple moving average is $101.98 and its 200 day simple moving average is $102.70. VanEck Morningstar Wide Moat ETF has a 12-month low of $93.96 and a 12-month high of $108.10. The stock has a market capitalization of $14.35 billion, a PE 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.