VanEck Morningstar Wide Moat ETF (BATS:MOAT) is Summit Asset Management LLC’s 4th Largest Position

Summit Asset Management LLC increased its position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,160 shares of the company’s stock after acquiring an additional 15,140 shares during the period. VanEck Morningstar Wide Moat ETF comprises approximately 6.0% of Summit Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Summit Asset Management LLC owned about 0.22% of VanEck Morningstar Wide Moat ETF worth $34,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Trust Co bought a new position in VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $28,000. Bfsg LLC bought a new position in VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $33,000. Pinnacle Financial Partners Inc raised its holdings in VanEck Morningstar Wide Moat ETF by 81.1% during the third quarter. Pinnacle Financial Partners Inc now owns 373 shares of the company’s stock valued at $36,000 after buying an additional 167 shares in the last quarter. Empowered Funds LLC bought a new position in VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $64,000. Finally, Truvestments Capital LLC bought a new position in VanEck Morningstar Wide Moat ETF during the third quarter valued at about $70,000.

VanEck Morningstar Wide Moat ETF Trading Down 0.2 %

BATS MOAT opened at $92.14 on Friday. The company’s fifty day moving average is $93.66 and its 200-day moving average is $94.82. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 25.73 and a beta of 1.03.

VanEck Morningstar Wide Moat ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were paid a $1.2675 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

VanEck Morningstar Wide Moat ETF Profile

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.