Meridian Wealth Management LLC Increases Holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Meridian Wealth Management LLC raised its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,322 shares of the company’s stock after buying an additional 534 shares during the period. Meridian Wealth Management LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $1,873,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $26,000. Mather Group LLC. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $32,000. Pinnacle Financial Partners Inc grew its position in shares of VanEck Morningstar Wide Moat ETF by 81.1% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares during the period. Fairman Group LLC bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $41,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter valued at $50,000.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT stock opened at $97.43 on Friday. The company’s 50-day simple moving average is $96.05 and its two-hundred day simple moving average is $91.61. The company has a market cap of $16.48 billion, a P/E ratio of 28.30 and a beta of 1.01.

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.