Focus Financial Network Inc. Grows Holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Focus Financial Network Inc. boosted its holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,453 shares of the company’s stock after buying an additional 703 shares during the period. Focus Financial Network Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOAT. Cetera Investment Advisers boosted its position in shares of VanEck Morningstar Wide Moat ETF by 675.1% in the first quarter. Cetera Investment Advisers now owns 655,462 shares of the company’s stock worth $58,926,000 after acquiring an additional 570,901 shares during the last quarter. First Foundation Advisors boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 57.8% in the 1st quarter. First Foundation Advisors now owns 1,019,331 shares of the company’s stock valued at $91,638,000 after purchasing an additional 373,164 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of VanEck Morningstar Wide Moat ETF by 11,390.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 316,668 shares of the company’s stock valued at $30,701,000 after buying an additional 313,912 shares during the period. Brookstone Capital Management increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 40.8% during the 2nd quarter. Brookstone Capital Management now owns 987,292 shares of the company’s stock worth $88,461,000 after buying an additional 285,929 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of VanEck Morningstar Wide Moat ETF by 12.8% in the 1st quarter. Osaic Holdings Inc. now owns 1,739,857 shares of the company’s stock worth $156,380,000 after buying an additional 198,105 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

MOAT stock opened at $94.93 on Friday. The stock has a market capitalization of $16.05 billion, a P/E ratio of 28.30 and a beta of 1.01. The firm’s 50-day moving average price is $95.46 and its 200-day moving average price is $90.47.

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.