Financial Management Network Inc. Reduces Holdings in VanEck Morningstar SMID Moat ETF $SMOT

Financial Management Network Inc. cut its stake in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 476,202 shares of the company’s stock after selling 83,800 shares during the quarter. VanEck Morningstar SMID Moat ETF comprises approximately 2.6% of Financial Management Network Inc.’s portfolio, making the stock its 8th biggest position. Financial Management Network Inc. owned approximately 4.28% of VanEck Morningstar SMID Moat ETF worth $17,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SMOT. 1620 Investment Advisors Inc. increased its holdings in shares of VanEck Morningstar SMID Moat ETF by 67.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 835 shares of the company’s stock worth $30,000 after purchasing an additional 335 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of VanEck Morningstar SMID Moat ETF during the third quarter valued at $37,000. Allworth Financial LP raised its position in VanEck Morningstar SMID Moat ETF by 258.2% in the 3rd quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock worth $41,000 after buying an additional 816 shares during the last quarter. Arax Advisory Partners purchased a new position in VanEck Morningstar SMID Moat ETF in the 4th quarter worth about $50,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in VanEck Morningstar SMID Moat ETF during the 4th quarter valued at about $73,000.

VanEck Morningstar SMID Moat ETF Stock Down 0.6%

Shares of SMOT stock opened at $38.18 on Tuesday. The company has a 50 day moving average price of $37.63 and a 200-day moving average price of $36.91. VanEck Morningstar SMID Moat ETF has a 52 week low of $33.46 and a 52 week high of $39.27. The firm has a market capitalization of $424.94 million, a PE ratio of 17.96 and a beta of 1.28.

VanEck Morningstar SMID Moat ETF Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.