VanEck Morningstar Wide Moat ETF $MOAT Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 37.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,265 shares of the company’s stock after selling 12,155 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MOAT. Decker Retirement Planning Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the second quarter valued at approximately $27,000. Intelligent Financial Strategies acquired a new position in VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at $30,000. Atlantic Union Bankshares Corp purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $34,000. Cape Investment Advisory Inc. boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 57.1% during the second quarter. Cape Investment Advisory Inc. now owns 737 shares of the company’s stock worth $69,000 after purchasing an additional 268 shares during the last quarter. Finally, Independence Bank of Kentucky purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the third quarter valued at $69,000.

VanEck Morningstar Wide Moat ETF Trading Up 16.1%

VanEck Morningstar Wide Moat ETF stock opened at $107.15 on Tuesday. The stock has a fifty day moving average price of $104.59 and a 200 day moving average price of $100.88. VanEck Morningstar Wide Moat ETF has a 52 week low of $75.43 and a 52 week high of $99.41. The firm has a market capitalization of $14.47 billion, a P/E ratio of 22.53 and a beta of 1.02.

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.