Assetmark Inc. Reduces Stock Position in VanEck Morningstar Wide Moat ETF $MOAT

Assetmark Inc. decreased its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 282,684 shares of the company’s stock after selling 8,500 shares during the period. Assetmark Inc. owned 0.21% of VanEck Morningstar Wide Moat ETF worth $28,017,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in VanEck Morningstar Wide Moat ETF in the second quarter valued at approximately $27,000. Intelligent Financial Strategies bought a new stake in VanEck Morningstar Wide Moat ETF during the second quarter valued at approximately $30,000. Paladin Advisory Group LLC purchased a new position in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $34,000. Finally, Atlantic Union Bankshares Corp purchased a new position in VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $34,000.

VanEck Morningstar Wide Moat ETF Trading Up 1.0%

MOAT opened at $105.57 on Friday. The stock has a market capitalization of $14.25 billion, a P/E ratio of 22.53 and a beta of 1.02. The stock has a 50-day moving average price of $105.47 and a 200-day moving average price of $101.65. VanEck Morningstar Wide Moat ETF has a 12-month low of $75.43 and a 12-month high of $108.10.

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.