TPG Advisors LLC Has $1.68 Million Position in VanEck Morningstar SMID Moat ETF $SMOT

TPG Advisors LLC cut its holdings in VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 22.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,801 shares of the company’s stock after selling 13,901 shares during the period. VanEck Morningstar SMID Moat ETF makes up approximately 1.0% of TPG Advisors LLC’s portfolio, making the stock its 24th biggest position. TPG Advisors LLC owned approximately 0.43% of VanEck Morningstar SMID Moat ETF worth $1,682,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMOT. 1620 Investment Advisors Inc. grew its stake in VanEck Morningstar SMID Moat ETF by 67.0% during the fourth quarter. 1620 Investment Advisors Inc. now owns 835 shares of the company’s stock worth $30,000 after purchasing an additional 335 shares during the period. Allworth Financial LP lifted its stake in VanEck Morningstar SMID Moat ETF by 258.2% in the third quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock valued at $41,000 after buying an additional 816 shares during the period. Arax Advisory Partners bought a new position in shares of VanEck Morningstar SMID Moat ETF during the 4th quarter worth approximately $50,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of VanEck Morningstar SMID Moat ETF during the 4th quarter worth approximately $73,000. Finally, Soundwatch Capital LLC boosted its holdings in shares of VanEck Morningstar SMID Moat ETF by 5.1% during the 4th quarter. Soundwatch Capital LLC now owns 7,754 shares of the company’s stock worth $281,000 after buying an additional 379 shares in the last quarter.

VanEck Morningstar SMID Moat ETF Price Performance

Shares of SMOT stock opened at $38.99 on Monday. The firm has a 50 day moving average of $37.82 and a 200-day moving average of $36.97. The company has a market cap of $433.96 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. VanEck Morningstar SMID Moat ETF has a 52 week low of $34.25 and a 52 week high of $39.27.

About VanEck Morningstar SMID Moat ETF

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.