Pekin Hardy Strauss Inc. Buys 17,978 Shares of VanEck Morningstar Wide Moat ETF $MOAT

by · The Markets Daily

Pekin Hardy Strauss Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,978 shares of the company’s stock, valued at approximately $1,900,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the third quarter worth about $1,165,000. Kestra Advisory Services LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth about $9,867,000. Claro Advisors Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth about $258,000. REAP Financial Group LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $72,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at about $105,396,000.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of VanEck Morningstar Wide Moat ETF stock traded down $0.66 on Friday, hitting $114.26. The company’s stock had a trading volume of 322,856 shares, compared to its average volume of 805,132. VanEck Morningstar Wide Moat ETF has a 1 year low of $94.07 and a 1 year high of $118.52. The firm has a fifty day moving average price of $110.28 and a 200-day moving average price of $105.55. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.24 and a beta of 0.97.

VanEck Morningstar Wide Moat ETF Company Profile

(Free Report)

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.

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