Brookstone Capital Management Trims Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Brookstone Capital Management lessened its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 11.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 896,260 shares of the company’s stock after selling 118,880 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises 1.2% of Brookstone Capital Management’s portfolio, making the stock its 15th largest holding. Brookstone Capital Management owned approximately 0.53% of VanEck Morningstar Wide Moat ETF worth $83,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc boosted 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 last quarter. Truvestments Capital LLC bought a new stake in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $70,000. GAMMA Investing LLC bought a new stake in VanEck Morningstar Wide Moat ETF in the 4th quarter worth approximately $72,000. Coastline Trust Co bought a new stake in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $146,000. Finally, Saxony Capital Management LLC bought a new stake in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth approximately $202,000.

VanEck Morningstar Wide Moat ETF Stock Performance

VanEck Morningstar Wide Moat ETF stock traded down $1.36 during trading hours on Monday, reaching $91.13. The company had a trading volume of 1,432,727 shares. The stock has a 50-day simple moving average of $95.91 and a 200-day simple moving average of $93.73. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a $1.2675 dividend. The ex-dividend date was Monday, December 23rd.

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.