LPL Financial LLC Sells 33,640 Shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT)

LPL Financial LLC decreased its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,264,040 shares of the company’s stock after selling 33,640 shares during the quarter. LPL Financial LLC owned about 4.30% of VanEck Morningstar Wide Moat ETF worth $629,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mesirow Financial Investment Management Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter valued at about $225,517,000. Commonwealth Equity Services LLC grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 1.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,489,450 shares of the company’s stock valued at $215,611,000 after buying an additional 30,142 shares during the period. Wells Fargo & Company MN increased its position in shares of VanEck Morningstar Wide Moat ETF by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,438,183 shares of the company’s stock valued at $206,929,000 after buying an additional 305,404 shares in the last quarter. Raymond James & Associates raised its stake in VanEck Morningstar Wide Moat ETF by 0.4% during the 2nd quarter. Raymond James & Associates now owns 2,378,268 shares of the company’s stock worth $205,982,000 after buying an additional 10,389 shares during the period. Finally, UBS Group AG lifted its holdings in VanEck Morningstar Wide Moat ETF by 71.7% during the fourth quarter. UBS Group AG now owns 1,922,189 shares of the company’s stock worth $163,136,000 after acquiring an additional 802,983 shares in the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

BATS MOAT opened at $94.02 on Wednesday. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01. The stock’s 50 day simple moving average is $90.56 and its 200-day simple moving average is $88.34.

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.