Altus Wealth Group LLC Sells 22,259 Shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Altus Wealth Group LLC lessened its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 14.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 133,328 shares of the company’s stock after selling 22,259 shares during the period. VanEck Morningstar Wide Moat ETF comprises about 5.5% of Altus Wealth Group LLC’s investment portfolio, making the stock its 2nd largest position. Altus Wealth Group LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $12,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kentucky Trust Co acquired a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at $28,000. Bfsg LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at about $33,000. Pinnacle Financial Partners Inc boosted its position in shares of VanEck Morningstar Wide Moat ETF by 81.1% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Empowered Funds LLC acquired a new stake in VanEck Morningstar Wide Moat ETF during the fourth quarter worth approximately $64,000. Finally, Truvestments Capital LLC bought a new stake in VanEck Morningstar Wide Moat ETF in the third quarter worth approximately $70,000.

VanEck Morningstar Wide Moat ETF Stock Performance

VanEck Morningstar Wide Moat ETF stock opened at $89.02 on Friday. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 24.84 and a beta of 1.04. VanEck Morningstar Wide Moat ETF has a 52-week low of $83.63 and a 52-week high of $99.06. The stock’s 50 day moving average price is $92.63 and its two-hundred day moving average price is $94.74.

VanEck Morningstar Wide Moat ETF Dividend Announcement

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

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.