VanEck Morningstar Wide Moat ETF (BATS:MOAT) is Sunpointe LLC’s 6th Largest Position

Sunpointe LLC lifted its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,453 shares of the company’s stock after buying an additional 7,367 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises 3.1% of Sunpointe LLC’s investment portfolio, making the stock its 6th largest holding. Sunpointe LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $3,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $26,000. Mather Group LLC. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the second quarter worth about $32,000. Salomon & Ludwin LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter worth about $36,000. Global Trust Asset Management LLC increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 80.0% during the 1st quarter. Global Trust Asset Management LLC now owns 450 shares of the company’s stock valued at $40,000 after acquiring an additional 200 shares during the last quarter. Finally, Fairman Group LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at approximately $41,000.

VanEck Morningstar Wide Moat ETF Trading Down 0.2 %

VanEck Morningstar Wide Moat ETF stock traded down $0.22 during trading hours on Wednesday, reaching $97.08. 603,607 shares of the company were exchanged. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01. The firm has a 50 day moving average price of $94.17 and a 200-day moving average price of $89.71.

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.