Parkway Wealth Management Group LLC Makes New Investment in VanEck Morningstar Wide Moat ETF $MOAT

Parkway Wealth Management Group LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 3rd quarter, Holdings Channel reports. The fund acquired 8,396 shares of the company’s stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tompkins Financial Corp acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the third quarter valued at about $3,623,000. Financial Solutions Advisory Group Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the first quarter worth about $10,762,000. Money Concepts Capital Corp purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the first quarter worth about $3,818,000. Lotus Asset Management LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the second quarter worth about $551,000. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the third quarter worth about $1,242,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.1%

Shares of BATS MOAT opened at $110.48 on Tuesday. The business’s 50 day moving average price is $110.41 and its 200 day moving average price is $105.62. The firm has a market cap of $14.91 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 52 week low of $94.07 and a 52 week high of $115.58.

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.