Principle Wealth Partners LLC Has $1.06 Million Stock Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Principle Wealth Partners LLC cut its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,404 shares of the company’s stock after selling 835 shares during the quarter. Principle Wealth Partners LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Pinnacle Financial Partners Inc increased its stake in VanEck Morningstar Wide Moat ETF by 81.1% during the third quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares during the period. Empowered Funds LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at approximately $64,000. Truvestments Capital LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the third quarter valued at $70,000. GAMMA Investing LLC bought a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter worth $72,000. Finally, Avior Wealth Management LLC boosted its stake in VanEck Morningstar Wide Moat ETF by 2,231.7% during the fourth quarter. Avior Wealth Management LLC now owns 956 shares of the company’s stock worth $89,000 after buying an additional 915 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Trading Down 0.6 %

Shares of MOAT stock opened at $91.70 on Tuesday. The firm has a 50-day simple moving average of $94.90 and a two-hundred day simple moving average of $94.70. The firm has a market cap of $15.51 billion, a PE ratio of 28.30 and a beta of 1.01.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a dividend of $1.2675 per share. The ex-dividend date was Monday, December 23rd.

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.