Sovereign Financial Group Inc. Makes New $447,000 Investment in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Sovereign Financial Group Inc. bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 5,262 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds have also modified their holdings of the company. MONECO Advisors LLC boosted its position in VanEck Morningstar Wide Moat ETF by 4.4% in the 4th quarter. MONECO Advisors LLC now owns 3,502 shares of the company’s stock valued at $297,000 after buying an additional 146 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in VanEck Morningstar Wide Moat ETF by 4.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 3,695 shares of the company’s stock valued at $280,000 after buying an additional 160 shares during the period. National Bank of Canada FI lifted its holdings in VanEck Morningstar Wide Moat ETF by 1.0% in the fourth quarter. National Bank of Canada FI now owns 16,569 shares of the company’s stock valued at $1,402,000 after buying an additional 166 shares during the period. Brighton Jones LLC grew its holdings in VanEck Morningstar Wide Moat ETF by 3.2% during the 3rd quarter. Brighton Jones LLC now owns 5,671 shares of the company’s stock worth $430,000 after acquiring an additional 177 shares during the period. Finally, Valmark Advisers Inc. grew its holdings in VanEck Morningstar Wide Moat ETF by 7.2% during the 4th quarter. Valmark Advisers Inc. now owns 2,902 shares of the company’s stock worth $246,000 after acquiring an additional 194 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT stock traded up $0.30 during trading hours on Tuesday, reaching $87.04. The company had a trading volume of 752,466 shares. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 27.21 and a beta of 1.03. The firm’s fifty day simple moving average is $87.06 and its 200 day simple moving average is $83.35.

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.