Financial Management Network Inc. Has $17.20 Million Holdings in VanEck Morningstar SMID Moat ETF $SMOT

Financial Management Network Inc. trimmed its holdings in VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,202 shares of the company’s stock after selling 83,800 shares during the period. VanEck Morningstar SMID Moat ETF comprises about 2.6% of Financial Management Network Inc.’s investment portfolio, making the stock its 8th biggest position. Financial Management Network Inc.’s holdings in VanEck Morningstar SMID Moat ETF were worth $17,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SMOT. 1620 Investment Advisors Inc. grew its position in shares of VanEck Morningstar SMID Moat ETF by 67.0% during the fourth quarter. 1620 Investment Advisors Inc. now owns 835 shares of the company’s stock worth $30,000 after purchasing an additional 335 shares in the last quarter. Optiver Holding B.V. bought a new stake in VanEck Morningstar SMID Moat ETF during the 3rd quarter valued at approximately $37,000. Allworth Financial LP lifted its holdings in VanEck Morningstar SMID Moat ETF by 258.2% in the 3rd quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock worth $41,000 after purchasing an additional 816 shares in the last quarter. Arax Advisory Partners purchased a new position in VanEck Morningstar SMID Moat ETF in the 4th quarter worth approximately $50,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in VanEck Morningstar SMID Moat ETF in the 4th quarter worth approximately $73,000.

VanEck Morningstar SMID Moat ETF Price Performance

Shares of SMOT opened at $38.18 on Tuesday. VanEck Morningstar SMID Moat ETF has a 1 year low of $33.46 and a 1 year high of $39.27. The company has a 50 day simple moving average of $37.63 and a two-hundred day simple moving average of $36.91. The firm has a market cap of $424.94 million, a P/E ratio of 17.96 and a beta of 1.28.

VanEck Morningstar SMID Moat ETF Company Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.