Acorn Wealth Advisors LLC Has $8.71 Million Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Acorn Wealth Advisors LLC boosted its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.9% in the third quarter, Holdings Channel.com reports. The fund owned 89,863 shares of the company’s stock after acquiring an additional 3,397 shares during the quarter. VanEck Morningstar Wide Moat ETF comprises 3.7% of Acorn Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Acorn Wealth Advisors LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $8,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in VanEck Morningstar Wide Moat ETF in the second quarter worth approximately $26,000. Mather Group LLC. bought a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $32,000. Pinnacle Financial Partners Inc lifted its position in shares of VanEck Morningstar Wide Moat ETF by 81.1% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the period. Fairman Group LLC purchased a new stake in VanEck Morningstar Wide Moat ETF during the second quarter worth $41,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth $50,000.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of BATS:MOAT traded up $1.12 during trading on Monday, reaching $97.45. The stock had a trading volume of 465,480 shares. The firm has a market cap of $16.48 billion, a P/E ratio of 28.30 and a beta of 1.01. The stock has a 50 day moving average of $96.05 and a 200-day moving average of $91.67.

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.