Farrow Financial Inc. Acquires 94,999 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Farrow Financial Inc. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 94,999 shares of the company’s stock, valued at approximately $10,042,000. VanEck Morningstar Wide Moat ETF accounts for 5.3% of Farrow Financial Inc.’s portfolio, making the stock its 4th biggest position. Farrow Financial Inc. owned approximately 0.07% of VanEck Morningstar Wide Moat ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 10.8% in the 1st quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock worth $80,630,000 after purchasing an additional 81,552 shares during the last quarter. Harbor Group Inc. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the 3rd quarter worth about $53,492,000. Whitaker Myers Wealth Managers LTD. increased its position in shares of VanEck Morningstar Wide Moat ETF by 6.2% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 430,701 shares of the company’s stock worth $44,776,000 after purchasing an additional 25,230 shares in the last quarter. Summit Asset Management LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 1.3% during the 1st quarter. Summit Asset Management LLC now owns 386,988 shares of the company’s stock valued at $37,422,000 after purchasing an additional 4,925 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 16.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 288,074 shares of the company’s stock valued at $29,948,000 after purchasing an additional 41,606 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Up 0.1%

Shares of MOAT stock opened at $114.16 on Wednesday. The company has a market capitalization of $15.41 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 12-month low of $94.07 and a 12-month high of $115.58. The firm has a 50-day moving average price of $110.20 and a 200 day moving average price of $105.42.

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.