Peak Financial Advisors LLC Cuts Stock Position in VanEck Morningstar Wide Moat ETF $MOAT

Peak Financial Advisors LLC cut its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 43.4% during the second quarter, HoldingsChannel.com reports. The fund owned 12,732 shares of the company’s stock after selling 9,777 shares during the period. Peak Financial Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 0.5% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 24,762 shares of the company’s stock worth $2,171,000 after acquiring an additional 135 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 2.0% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 9,177 shares of the company’s stock worth $808,000 after acquiring an additional 177 shares during the last quarter. Walled Lake Planning & Wealth Management LLC boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 2.1% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 9,637 shares of the company’s stock worth $848,000 after acquiring an additional 201 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 408 shares of the company’s stock worth $36,000 after acquiring an additional 204 shares during the last quarter. Finally, M3 Advisory Group LLC boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 1.6% in the first quarter. M3 Advisory Group LLC now owns 13,317 shares of the company’s stock worth $1,172,000 after acquiring an additional 210 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

BATS MOAT opened at $97.42 on Friday. The stock’s fifty day moving average is $97.45 and its two-hundred day moving average is $91.58. The firm has a market capitalization of $13.15 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a fifty-two week low of $75.43 and a fifty-two week high of $99.41.

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.