Piedmont Capital Management LLC Buys New Position in VanEck Morningstar SMID Moat ETF $SMOT

Piedmont Capital Management LLC bought a new stake in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) in the second quarter, Holdings Channel.com reports. The fund bought 55,100 shares of the company’s stock, valued at approximately $2,141,000. VanEck Morningstar SMID Moat ETF accounts for 1.1% of Piedmont Capital Management LLC’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC increased its position in shares of VanEck Morningstar SMID Moat ETF by 5.7% during the fourth quarter. Great Lakes Advisors LLC now owns 1,134,513 shares of the company’s stock worth $41,069,000 after buying an additional 60,940 shares during the period. Gradient Investments LLC raised its stake in VanEck Morningstar SMID Moat ETF by 4.1% during the second quarter. Gradient Investments LLC now owns 905,457 shares of the company’s stock worth $35,186,000 after buying an additional 35,422 shares during the last quarter. Bank of America Corp DE lifted its holdings in VanEck Morningstar SMID Moat ETF by 18.7% in the second quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock valued at $21,216,000 after buying an additional 95,940 shares during the period. Raymond James Financial Inc. lifted its holdings in VanEck Morningstar SMID Moat ETF by 5.4% in the third quarter. Raymond James Financial Inc. now owns 187,455 shares of the company’s stock valued at $6,763,000 after buying an additional 9,622 shares during the period. Finally, MML Investors Services LLC boosted its position in VanEck Morningstar SMID Moat ETF by 9.7% during the fourth quarter. MML Investors Services LLC now owns 139,784 shares of the company’s stock valued at $5,060,000 after acquiring an additional 12,359 shares during the last quarter.

VanEck Morningstar SMID Moat ETF Trading Down 0.5%

Shares of SMOT opened at $40.60 on Tuesday. The firm’s fifty day simple moving average is $39.89 and its two-hundred day simple moving average is $37.93. VanEck Morningstar SMID Moat ETF has a 12 month low of $34.25 and a 12 month high of $41.37. The stock has a market capitalization of $451.88 million, a P/E ratio of 17.96 and a beta of 1.28.

VanEck Morningstar SMID Moat ETF Company 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.