Financial Management Network Inc. Has $46.10 Million Stock Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Financial Management Network Inc. lifted its position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,594 shares of the company’s stock after buying an additional 9,343 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises approximately 9.6% of Financial Management Network Inc.’s holdings, making the stock its 2nd biggest position. Financial Management Network Inc. owned approximately 0.29% of VanEck Morningstar Wide Moat ETF worth $46,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MOAT. Creative Planning grew its stake in shares of VanEck Morningstar Wide Moat ETF by 0.4% in the third quarter. Creative Planning now owns 152,006 shares of the company’s stock valued at $14,737,000 after buying an additional 552 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 75.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 39,099 shares of the company’s stock valued at $3,791,000 after purchasing an additional 16,845 shares during the last quarter. Calton & Associates Inc. acquired a new stake in VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at $718,000. Blossom Wealth Management lifted its holdings in VanEck Morningstar Wide Moat ETF by 5.3% during the 3rd quarter. Blossom Wealth Management now owns 4,728 shares of the company’s stock valued at $458,000 after purchasing an additional 239 shares during the last quarter. Finally, Saxony Capital Management LLC acquired a new stake in VanEck Morningstar Wide Moat ETF during the 3rd quarter valued at $202,000.

VanEck Morningstar Wide Moat ETF Stock Down 0.1 %

Shares of VanEck Morningstar Wide Moat ETF stock opened at $92.15 on Wednesday. The firm’s 50-day simple moving average is $93.97 and its two-hundred day simple moving average is $94.77. The firm has a market cap of $15.58 billion, a P/E ratio of 28.30 and a beta of 1.01.

VanEck Morningstar Wide Moat ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued a dividend of $1.2675 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.