First Trust Direct Indexing L.P. Takes $314,000 Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

First Trust Direct Indexing L.P. bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the 4th quarter, HoldingsChannel reports. The fund bought 3,694 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 20.2% during the third quarter. Morgan Stanley now owns 6,783,213 shares of the company’s stock valued at $514,439,000 after acquiring an additional 1,140,029 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of VanEck Morningstar Wide Moat ETF by 41.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,887,502 shares of the company’s stock worth $245,062,000 after purchasing an additional 845,137 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $45,601,000. Davidson Capital Management Inc. boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 507.3% during the 3rd quarter. Davidson Capital Management Inc. now owns 668,294 shares of the company’s stock valued at $50,683,000 after purchasing an additional 558,246 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 8.2% during the third quarter. LPL Financial LLC now owns 5,504,363 shares of the company’s stock valued at $417,451,000 after buying an additional 418,536 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Up 0.3 %

Shares of MOAT opened at $87.04 on Wednesday. The business has a 50 day moving average of $87.06 and a 200-day moving average of $83.35. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 27.21 and a beta of 1.03.

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.