Maridea Wealth Management LLC Takes Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Maridea Wealth Management LLC purchased a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,467 shares of the company’s stock, valued at approximately $2,918,000. VanEck Morningstar Wide Moat ETF accounts for approximately 0.9% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently added to or reduced their stakes in MOAT. QRG Capital Management Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at approximately $208,000. US Bancorp DE boosted its holdings in VanEck Morningstar Wide Moat ETF by 22.2% during the 4th quarter. US Bancorp DE now owns 18,518 shares of the company’s stock valued at $1,717,000 after acquiring an additional 3,359 shares during the period. Ameritas Advisory Services LLC grew its position in VanEck Morningstar Wide Moat ETF by 91.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 13,547 shares of the company’s stock valued at $1,256,000 after acquiring an additional 6,455 shares during the last quarter. Townsquare Capital LLC increased its stake in VanEck Morningstar Wide Moat ETF by 26.2% in the third quarter. Townsquare Capital LLC now owns 4,377 shares of the company’s stock worth $424,000 after purchasing an additional 909 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of VanEck Morningstar Wide Moat ETF by 24.4% during the third quarter. JPMorgan Chase & Co. now owns 157,161 shares of the company’s stock worth $15,237,000 after purchasing an additional 30,816 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Trading Down 5.0 %

Shares of MOAT opened at $87.71 on Friday. The firm has a fifty day moving average price of $92.01 and a 200-day moving average price of $94.41. The firm has a market capitalization of $13.50 billion, a P/E ratio of 24.14 and a beta of 1.04. VanEck Morningstar Wide Moat ETF has a 12-month low of $83.63 and a 12-month high of $99.06.

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.