Financial Management Network Inc. Decreases Stock Holdings in VanEck Morningstar Wide Moat ETF $MOAT

Financial Management Network Inc. reduced its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,314 shares of the company’s stock after selling 12,413 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises about 7.1% of Financial Management Network Inc.’s portfolio, making the stock its 2nd biggest position. Financial Management Network Inc. owned 0.35% of VanEck Morningstar Wide Moat ETF worth $46,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Swmg LLC raised its position in shares of VanEck Morningstar Wide Moat ETF by 1.3% during the fourth quarter. Swmg LLC now owns 7,926 shares of the company’s stock worth $836,000 after acquiring an additional 103 shares during the last quarter. Russell Investments Group Ltd. increased its position in 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 worth $31,000 after purchasing an additional 112 shares during the period. Western Pacific Wealth Management LP increased its position in VanEck Morningstar Wide Moat ETF by 1.7% in the fourth quarter. Western Pacific Wealth Management LP now owns 6,983 shares of the company’s stock worth $723,000 after purchasing an additional 116 shares during the period. Sagespring Wealth Partners LLC raised its holdings in VanEck Morningstar Wide Moat ETF by 3.4% during the 4th quarter. Sagespring Wealth Partners LLC now owns 3,597 shares of the company’s stock worth $372,000 after purchasing an additional 117 shares during the last quarter. Finally, Warner Financial Inc. raised its holdings in VanEck Morningstar Wide Moat ETF by 1.2% during the 4th quarter. Warner Financial Inc. now owns 11,305 shares of the company’s stock worth $1,171,000 after purchasing an additional 132 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Trading Down 1.1%

VanEck Morningstar Wide Moat ETF stock opened at $100.99 on Tuesday. The company has a market cap of $13.63 billion, a PE ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 1 year low of $90.07 and a 1 year high of $108.10. The company’s 50-day moving average is $101.46 and its two-hundred day moving average is $102.77.

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.