Sunpointe LLC Buys New Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Sunpointe LLC acquired a new stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,421 shares of the company’s stock, valued at approximately $2,157,000. VanEck Morningstar Wide Moat ETF accounts for 2.7% of Sunpointe LLC’s holdings, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in MOAT. Cozad Asset Management Inc. increased its position in VanEck Morningstar Wide Moat ETF by 58.9% during the fourth quarter. Cozad Asset Management Inc. now owns 11,609 shares of the company’s stock worth $985,000 after buying an additional 4,305 shares during the period. Hudson Value Partners LLC grew its stake in shares of VanEck Morningstar Wide Moat ETF by 5.9% in the 4th quarter. Hudson Value Partners LLC now owns 10,694 shares of the company’s stock valued at $908,000 after purchasing an additional 597 shares during the last quarter. Samalin Investment Counsel LLC grew its stake in shares of VanEck Morningstar Wide Moat ETF by 89.0% in the 3rd quarter. Samalin Investment Counsel LLC now owns 14,102 shares of the company’s stock valued at $1,070,000 after purchasing an additional 6,642 shares during the last quarter. United Community Bank purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at approximately $345,000. Finally, Scotia Capital Inc. grew its stake in shares of VanEck Morningstar Wide Moat ETF by 9.8% in the 3rd quarter. Scotia Capital Inc. now owns 8,506 shares of the company’s stock valued at $646,000 after purchasing an additional 762 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT traded down $0.23 during trading on Friday, reaching $85.72. 845,827 shares of the stock were exchanged. The firm has a market capitalization of $14.50 billion, a P/E ratio of 28.30 and a beta of 1.01. The stock’s 50-day moving average price is $86.83 and its 200 day moving average price is $85.70.

About VanEck Morningstar Wide Moat ETF

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.