VanEck Morningstar Wide Moat ETF (BATS:MOAT) is Palo Alto Wealth Advisors LLC’s 3rd Largest Position

Palo Alto Wealth Advisors LLC cut its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 311,240 shares of the company’s stock after selling 6,531 shares during the period. VanEck Morningstar Wide Moat ETF comprises 12.5% of Palo Alto Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Palo Alto Wealth Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $30,190,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MOAT. Red Mountain Financial LLC grew its position in VanEck Morningstar Wide Moat ETF by 4.2% during the third quarter. Red Mountain Financial LLC now owns 2,617 shares of the company’s stock worth $254,000 after buying an additional 105 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 1.2% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 8,935 shares of the company’s stock worth $866,000 after purchasing an additional 110 shares in the last quarter. Colonial River Investments LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 2.9% in the third quarter. Colonial River Investments LLC now owns 4,288 shares of the company’s stock worth $416,000 after purchasing an additional 120 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 2.9% in the third quarter. Axxcess Wealth Management LLC now owns 4,288 shares of the company’s stock worth $416,000 after purchasing an additional 120 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in VanEck Morningstar Wide Moat ETF by 1.0% in the first quarter. Bleakley Financial Group LLC now owns 14,201 shares of the company’s stock valued at $1,277,000 after purchasing an additional 134 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Stock Down 0.0 %

MOAT stock traded down $0.02 during midday trading on Thursday, reaching $97.38. The company had a trading volume of 666,515 shares. The company’s 50-day moving average is $95.80 and its 200-day moving average is $91.17. The company has a market cap of $16.47 billion, a P/E ratio of 28.30 and a beta of 1.01.

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.