Cornerstone Wealth Management LLC Grows Stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Cornerstone Wealth Management LLC raised its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,538 shares of the company’s stock after purchasing an additional 2,728 shares during the period. Cornerstone Wealth Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,904,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. AE Wealth Management LLC raised its position in shares of VanEck Morningstar Wide Moat ETF by 29.7% during the 2nd quarter. AE Wealth Management LLC now owns 6,176 shares of the company’s stock worth $535,000 after purchasing an additional 1,416 shares during the last quarter. Smith Thornton Advisors LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth about $1,151,000. Magnolia Capital Advisors LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth about $14,150,000. Silver Lake Advisory LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth about $209,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of VanEck Morningstar Wide Moat ETF by 4.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 938,143 shares of the company’s stock worth $81,252,000 after purchasing an additional 39,522 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

MOAT opened at $95.78 on Friday. The firm has a market cap of $16.20 billion, a P/E ratio of 28.30 and a beta of 1.01. The stock’s fifty day moving average is $95.39 and its 200-day moving average is $94.10.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The firm also recently disclosed 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.