Foguth Wealth Management LLC. Acquires 16,035 Shares of VanEck Morningstar Wide Moat ETF $MOAT

Foguth Wealth Management LLC. bought a new stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the third quarter, HoldingsChannel reports. The institutional investor bought 16,035 shares of the company’s stock, valued at approximately $1,774,000.

Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 10.8% during the 1st quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock worth $80,630,000 after purchasing an additional 81,552 shares in the last quarter. Verde Capital Management increased its position in shares of VanEck Morningstar Wide Moat ETF by 5.1% in the first quarter. Verde Capital Management now owns 658,249 shares of the company’s stock worth $63,653,000 after purchasing an additional 31,931 shares during the period. Kelman Lazarov Inc. increased its position in shares of VanEck Morningstar Wide Moat ETF by 0.9% in the first quarter. Kelman Lazarov Inc. now owns 561,025 shares of the company’s stock worth $54,251,000 after purchasing an additional 5,005 shares during the period. Harbor Group Inc. acquired a new position in VanEck Morningstar Wide Moat ETF in the third quarter valued at about $53,492,000. Finally, Leelyn Smith LLC raised its stake in VanEck Morningstar Wide Moat ETF by 4.1% in the first quarter. Leelyn Smith LLC now owns 511,612 shares of the company’s stock valued at $49,473,000 after purchasing an additional 20,186 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

MOAT stock traded down $0.16 during midday trading on Monday, reaching $110.47. The company had a trading volume of 123,714 shares, compared to its average volume of 829,705. VanEck Morningstar Wide Moat ETF has a 1-year low of $94.07 and a 1-year high of $115.58. The stock has a 50 day moving average price of $110.46 and a 200-day moving average price of $105.53. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02.

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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.