Provident Wealth Management LLC Trims Stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Provident Wealth Management LLC trimmed its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 26.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,996 shares of the company’s stock after selling 12,136 shares during the period. VanEck Morningstar Wide Moat ETF accounts for approximately 1.1% of Provident Wealth Management LLC’s holdings, making the stock its 17th largest position. Provident Wealth Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $3,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kentucky Trust Co purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter worth $28,000. Bfsg LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter worth $33,000. Pinnacle Financial Partners Inc increased its stake 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. Empowered Funds LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter worth $64,000. Finally, Truvestments Capital LLC bought a new position in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth $70,000.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of VanEck Morningstar Wide Moat ETF stock opened at $92.90 on Wednesday. The company has a market cap of $14.88 billion, a P/E ratio of 25.73 and a beta of 1.03. The business has a fifty day moving average price of $93.49 and a two-hundred day moving average price of $94.93.

VanEck Morningstar Wide Moat ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders 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 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.