NewEdge Advisors LLC Reduces Stock Holdings in VanEck Morningstar Wide Moat ETF $MOAT

NewEdge Advisors LLC decreased its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 23.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,899 shares of the company’s stock after selling 60,598 shares during the quarter. NewEdge Advisors LLC owned 0.15% of VanEck Morningstar Wide Moat ETF worth $19,040,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. MBM Wealth Consultants LLC purchased a new position in VanEck Morningstar Wide Moat ETF in the 1st quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the fourth quarter worth about $29,000. Russell Investments Group Ltd. lifted its stake in shares of 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 acquiring an additional 112 shares in the last quarter. First Horizon Corp purchased a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $31,000. Finally, Empowered Funds LLC purchased a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $32,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.2%

Shares of MOAT opened at $107.91 on Thursday. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The business’s 50 day moving average is $103.99 and its two-hundred day moving average is $102.85. VanEck Morningstar Wide Moat ETF has a 52-week low of $94.07 and a 52-week high of $109.24.

VanEck Morningstar Wide Moat ETF 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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.