BIP Wealth LLC Takes $214,000 Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

BIP Wealth LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,209 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in VanEck Morningstar Wide Moat ETF in the second quarter worth about $26,000. Mather Group LLC. purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the second quarter valued at approximately $32,000. Pinnacle Financial Partners Inc boosted its position in shares of VanEck Morningstar Wide Moat ETF by 81.1% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares in the last quarter. Fairman Group LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $41,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $50,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.1 %

Shares of BATS:MOAT opened at $94.93 on Wednesday. The company’s 50-day moving average is $95.92 and its two-hundred day moving average is $91.47. The stock has a market capitalization of $16.05 billion, a PE ratio of 28.30 and a beta of 1.01.

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.