United Community Bank Sells 2,945 Shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT)

United Community Bank reduced its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 15.8% during the fourth quarter, HoldingsChannel reports. The firm owned 15,650 shares of the company’s stock after selling 2,945 shares during the period. United Community Bank’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOAT. Portside Wealth Group LLC bought a new position in VanEck Morningstar Wide Moat ETF in the third quarter valued at about $229,000. Beckerman Institutional LLC bought a new position in VanEck Morningstar Wide Moat ETF in the third quarter valued at about $813,000. Able Wealth Management LLC bought a new position in VanEck Morningstar Wide Moat ETF in the third quarter valued at about $1,376,000. Assetmark Inc. lifted its holdings in VanEck Morningstar Wide Moat ETF by 69.9% in the third quarter. Assetmark Inc. now owns 4,466 shares of the company’s stock valued at $433,000 after acquiring an additional 1,838 shares during the period. Finally, XML Financial LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 28.7% in the third quarter. XML Financial LLC now owns 30,522 shares of the company’s stock valued at $2,959,000 after acquiring an additional 6,802 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

MOAT stock opened at $92.65 on Friday. The firm has a fifty day moving average price of $92.99 and a 200-day moving average price of $94.90. The company has a market capitalization of $14.84 billion, a P/E ratio of 25.73 and a beta of 1.03.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued a $1.2675 dividend. 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.