Verde Capital Management Purchases 31,931 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Verde Capital Management grew its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 658,249 shares of the company’s stock after purchasing an additional 31,931 shares during the quarter. VanEck Morningstar Wide Moat ETF makes up about 13.6% of Verde Capital Management’s portfolio, making the stock its 2nd largest position. Verde Capital Management’s holdings in VanEck Morningstar Wide Moat ETF were worth $63,653,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Matthew Goff Investment Advisor LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter worth about $205,000. James J. Burns & Company LLC lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 5.6% in the 1st quarter. James J. Burns & Company LLC now owns 182,613 shares of the company’s stock valued at $17,659,000 after purchasing an additional 9,627 shares during the period. Sterling Investment Counsel LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $258,000. Baron Wealth Management LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter valued at about $293,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of VanEck Morningstar Wide Moat ETF by 63.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 230,044 shares of the company’s stock valued at $23,823,000 after purchasing an additional 89,477 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

BATS MOAT opened at $100.99 on Tuesday. The stock has a market capitalization of $13.63 billion, a P/E ratio of 22.53 and a beta of 1.02. The business has a 50 day simple moving average of $101.46 and a 200 day simple moving average of $102.77. VanEck Morningstar Wide Moat ETF has a one year low of $90.07 and a one year high of $108.10.

VanEck Morningstar Wide Moat ETF Company 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.