Gradient Investments LLC Grows Holdings in VanEck Morningstar SMID Moat ETF $SMOT

Gradient Investments LLC raised its stake in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236,426 shares of the company’s stock after buying an additional 24,392 shares during the quarter. Gradient Investments LLC owned about 10.11% of VanEck Morningstar SMID Moat ETF worth $43,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SMOT. LPL Financial LLC grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 16.7% in the first quarter. LPL Financial LLC now owns 1,270,143 shares of the company’s stock valued at $41,648,000 after purchasing an additional 181,667 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of VanEck Morningstar SMID Moat ETF during the first quarter worth $30,617,000. Principle Wealth Partners LLC lifted its position in shares of VanEck Morningstar SMID Moat ETF by 3.3% during the first quarter. Principle Wealth Partners LLC now owns 806,266 shares of the company’s stock worth $26,437,000 after purchasing an additional 26,072 shares during the last quarter. Bank of America Corp DE lifted its position in shares of VanEck Morningstar SMID Moat ETF by 7.6% during the fourth quarter. Bank of America Corp DE now owns 748,501 shares of the company’s stock worth $25,801,000 after purchasing an additional 53,083 shares during the last quarter. Finally, Financial Management Network Inc. lifted its position in shares of VanEck Morningstar SMID Moat ETF by 5.3% during the first quarter. Financial Management Network Inc. now owns 555,222 shares of the company’s stock worth $18,206,000 after purchasing an additional 28,007 shares during the last quarter.

VanEck Morningstar SMID Moat ETF Trading Down 1.0%

BATS:SMOT opened at $36.35 on Monday. VanEck Morningstar SMID Moat ETF has a twelve month low of $27.93 and a twelve month high of $37.70. The company has a market cap of $404.58 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. The stock has a fifty day simple moving average of $35.89 and a 200-day simple moving average of $33.94.

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.