Barings LLC Cuts Position in VanEck Morningstar Wide Moat ETF $MOAT

Barings LLC reduced its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 27.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,945 shares of the company’s stock after selling 14,648 shares during the quarter. Barings LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $3,653,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Boulay Financial Advisors LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter valued at $159,237,000. GGM Financials LLC purchased a new position in VanEck Morningstar Wide Moat ETF in the second quarter valued at about $25,124,000. Summit Financial LLC lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 4,808.6% during the first quarter. Summit Financial LLC now owns 259,028 shares of the company’s stock worth $22,795,000 after purchasing an additional 253,751 shares in the last quarter. Assetmark Inc. lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 310.9% during the second quarter. Assetmark Inc. now owns 291,184 shares of the company’s stock worth $27,310,000 after purchasing an additional 220,316 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of VanEck Morningstar Wide Moat ETF by 560.9% in the second quarter. Concurrent Investment Advisors LLC now owns 247,757 shares of the company’s stock worth $23,237,000 after buying an additional 210,268 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of BATS:MOAT opened at $100.20 on Friday. The company has a market cap of $13.53 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a one year low of $75.43 and a one year high of $99.41. The business’s 50-day simple moving average is $100.12 and its 200 day simple moving average is $96.51.

VanEck Morningstar Wide Moat ETF Company 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.