Orion Portfolio Solutions LLC Sells 16,818 Shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Orion Portfolio Solutions LLC cut its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,398 shares of the company’s stock after selling 16,818 shares during the period. Orion Portfolio Solutions LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $7,988,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MOAT. LPL Financial LLC boosted its position in shares of VanEck Morningstar Wide Moat ETF by 8.4% during the third quarter. LPL Financial LLC now owns 7,877,723 shares of the company’s stock valued at $763,745,000 after buying an additional 613,683 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in VanEck Morningstar Wide Moat ETF by 3.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,641,655 shares of the company’s stock valued at $256,113,000 after acquiring an additional 91,428 shares during the period. Commonwealth Equity Services LLC grew its position in VanEck Morningstar Wide Moat ETF by 1.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,489,450 shares of the company’s stock valued at $215,611,000 after acquiring an additional 30,142 shares during the last quarter. Raymond James & Associates increased its stake in VanEck Morningstar Wide Moat ETF by 0.3% in the third quarter. Raymond James & Associates now owns 2,386,177 shares of the company’s stock worth $231,340,000 after purchasing an additional 7,909 shares during the period. Finally, CWM LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF by 10.5% during the third quarter. CWM LLC now owns 1,152,800 shares of the company’s stock worth $111,764,000 after purchasing an additional 109,394 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of MOAT opened at $98.42 on Monday. The company’s 50-day moving average is $96.65 and its two-hundred day moving average is $92.33. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01.

About VanEck Morningstar Wide Moat ETF

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.