SFG Wealth Management LLC. Has $2.98 Million Stock Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

SFG Wealth Management LLC. raised its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 0.4% during the second quarter, HoldingsChannel.com reports. The firm owned 34,432 shares of the company’s stock after acquiring an additional 146 shares during the quarter. VanEck Morningstar Wide Moat ETF makes up 1.7% of SFG Wealth Management LLC.’s portfolio, making the stock its 12th biggest position. SFG Wealth Management LLC.’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its holdings in VanEck Morningstar Wide Moat ETF by 12.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,247,417 shares of the company’s stock valued at $291,943,000 after purchasing an additional 359,915 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter valued at about $225,517,000. Commonwealth Equity Services LLC raised its position in shares of VanEck Morningstar Wide Moat ETF by 5.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,459,308 shares of the company’s stock valued at $221,092,000 after acquiring an additional 119,262 shares during the period. Wells Fargo & Company MN boosted its stake in VanEck Morningstar Wide Moat ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,438,183 shares of the company’s stock worth $206,929,000 after acquiring an additional 305,404 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in VanEck Morningstar Wide Moat ETF by 0.4% during the second quarter. Raymond James & Associates now owns 2,378,268 shares of the company’s stock valued at $205,982,000 after purchasing an additional 10,389 shares during the period.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT traded up $0.25 during mid-day trading on Friday, hitting $92.25. The stock had a trading volume of 328,061 shares. The business’s fifty day simple moving average is $88.00 and its two-hundred day simple moving average is $87.32. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01.

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.