Cresset Asset Management LLC Raises Stake in VanEck Morningstar Wide Moat ETF $MOAT

Cresset Asset Management LLC increased its stake in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 26.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 13,965 shares of the company’s stock after buying an additional 2,922 shares during the period. Cresset Asset Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,229,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 0.5% in the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 24,762 shares of the company’s stock worth $2,171,000 after buying an additional 135 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in VanEck Morningstar Wide Moat ETF by 2.0% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 9,177 shares of the company’s stock valued at $808,000 after acquiring an additional 177 shares during the period. Walled Lake Planning & Wealth Management LLC raised its stake in VanEck Morningstar Wide Moat ETF by 2.1% in the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 9,637 shares of the company’s stock valued at $848,000 after acquiring an additional 201 shares during the period. Golden State Wealth Management LLC raised its stake in VanEck Morningstar Wide Moat ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 408 shares of the company’s stock valued at $36,000 after acquiring an additional 204 shares during the period. Finally, M3 Advisory Group LLC raised its stake in VanEck Morningstar Wide Moat ETF by 1.6% in the 1st quarter. M3 Advisory Group LLC now owns 13,317 shares of the company’s stock valued at $1,172,000 after acquiring an additional 210 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of VanEck Morningstar Wide Moat ETF stock opened at $97.3560 on Thursday. VanEck Morningstar Wide Moat ETF has a 52-week low of $75.43 and a 52-week high of $99.41. The stock’s 50-day simple moving average is $95.68 and its 200 day simple moving average is $90.90. The stock has a market capitalization of $13.14 billion, a P/E ratio of 22.53 and a beta of 1.02.

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.