DAVENPORT & Co LLC Decreases Position in VanEck Morningstar Wide Moat ETF $MOAT

DAVENPORT & Co LLC lowered its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 164,189 shares of the company’s stock after selling 5,424 shares during the period. DAVENPORT & Co LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $17,003,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Boulay Financial Advisors LLC boosted its holdings in VanEck Morningstar Wide Moat ETF by 2.0% in the third quarter. Boulay Financial Advisors LLC now owns 2,119,374 shares of the company’s stock valued at $210,051,000 after purchasing an additional 41,023 shares during the period. Jones Financial Companies Lllp grew its stake in VanEck Morningstar Wide Moat ETF by 10.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,101,252 shares of the company’s stock worth $108,275,000 after purchasing an additional 108,068 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in VanEck Morningstar Wide Moat ETF by 1,690.5% during 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 in the last quarter. Orion Porfolio Solutions LLC increased its holdings 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 period. Finally, Apexium Financial LP increased its holdings in VanEck Morningstar Wide Moat ETF by 0.5% during the 3rd quarter. Apexium Financial LP now owns 588,005 shares of the company’s stock worth $58,277,000 after purchasing an additional 2,904 shares during the period.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT stock opened at $96.78 on Thursday. The business’s 50-day moving average is $103.98 and its two-hundred day moving average is $102.61. The firm has a market capitalization of $13.07 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 $75.43 and a 1 year high of $108.10.

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.