VanEck Morningstar Wide Moat ETF (BATS:MOAT) Stake Lowered by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC cut its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,590 shares of the company’s stock after selling 1,292 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $5,583,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Edge Financial Advisors LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF during the third quarter valued at approximately $2,546,000. Mutual Advisors LLC boosted its position in shares of VanEck Morningstar Wide Moat ETF by 0.6% during the third quarter. Mutual Advisors LLC now owns 48,293 shares of the company’s stock worth $4,631,000 after buying an additional 291 shares during the period. Eagle Strategies LLC boosted its position in shares of VanEck Morningstar Wide Moat ETF by 4.8% during the third quarter. Eagle Strategies LLC now owns 191,200 shares of the company’s stock worth $18,537,000 after buying an additional 8,752 shares during the period. abrdn plc boosted its position in shares of VanEck Morningstar Wide Moat ETF by 55.7% during the third quarter. abrdn plc now owns 132,068 shares of the company’s stock worth $12,754,000 after buying an additional 47,267 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of VanEck Morningstar Wide Moat ETF by 8.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 24,058 shares of the company’s stock worth $2,332,000 after buying an additional 1,896 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of BATS MOAT opened at $95.59 on Thursday. The business’s 50-day simple moving average is $95.41 and its 200 day simple moving average is $90.37. The firm has a market capitalization of $16.16 billion, a P/E ratio of 28.30 and a beta of 1.01.

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.