KPP Advisory Services LLC Sells 29,602 Shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT)

KPP Advisory Services LLC cut its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 49.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,708 shares of the company’s stock after selling 29,602 shares during the period. KPP Advisory Services LLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MOAT. Cetera Investment Advisers increased its holdings in VanEck Morningstar Wide Moat ETF by 8.8% during the 2nd quarter. Cetera Investment Advisers now owns 713,441 shares of the company’s stock worth $61,791,000 after acquiring an additional 57,979 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of VanEck Morningstar Wide Moat ETF by 19.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 65,754 shares of the company’s stock valued at $5,695,000 after purchasing an additional 10,709 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 9.7% in the second quarter. Gateway Wealth Partners LLC now owns 3,393 shares of the company’s stock worth $294,000 after purchasing an additional 299 shares during the period. NewEdge Advisors LLC raised its position in shares of VanEck Morningstar Wide Moat ETF by 1.7% in the second quarter. NewEdge Advisors LLC now owns 174,037 shares of the company’s stock worth $15,073,000 after buying an additional 2,834 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in VanEck Morningstar Wide Moat ETF by 4.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 938,143 shares of the company’s stock valued at $81,252,000 after buying an additional 39,522 shares during the period.

VanEck Morningstar Wide Moat ETF Stock Performance

VanEck Morningstar Wide Moat ETF stock opened at $96.94 on Tuesday. The business’s 50 day simple moving average is $92.71 and its 200-day simple moving average is $89.13. The stock has a market capitalization of $16.39 billion, a PE ratio of 28.30 and a beta of 1.01.

VanEck Morningstar Wide Moat ETF Company 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.