Phraction Management LLC Trims Stock Holdings in VanEck Morningstar Wide Moat ETF $MOAT

Phraction Management LLC lessened its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 12.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,095 shares of the company’s stock after selling 1,250 shares during the quarter. Phraction Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $853,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the first quarter worth $26,000. Garrison Bradford & Associates Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter valued at about $26,000. Keystone Global Partners LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at about $28,000. Financial Gravity Asset Management Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF during the first quarter worth about $29,000. Finally, Golden State Wealth Management LLC lifted its position in VanEck Morningstar Wide Moat ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 408 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT stock opened at $100.61 on Friday. The firm has a 50 day simple moving average of $98.04 and a two-hundred day simple moving average of $92.35. The stock has a market cap of $13.58 billion, a PE ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a one year low of $75.43 and a one year high of $99.41.

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.