Hsbc Holdings PLC Cuts Stock Holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Hsbc Holdings PLC lowered its holdings in VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 73.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,686 shares of the company’s stock after selling 7,511 shares during the quarter. Hsbc Holdings PLC’s holdings in VanEck Morningstar Wide Moat ETF were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MOAT. Blair William & Co. IL raised its position in shares of VanEck Morningstar Wide Moat ETF by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 41,047 shares of the company’s stock worth $3,555,000 after acquiring an additional 891 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of VanEck Morningstar Wide Moat ETF by 64.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 30,766 shares of the company’s stock valued at $2,665,000 after buying an additional 12,022 shares during the last quarter. G2 Capital Management LLC OH lifted its position in shares of VanEck Morningstar Wide Moat ETF by 4.0% during the second quarter. G2 Capital Management LLC OH now owns 346,266 shares of the company’s stock valued at $29,990,000 after buying an additional 13,317 shares during the last quarter. L & S Advisors Inc purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter worth approximately $640,000. Finally, Pekin Hardy Strauss Inc. grew its position in shares of VanEck Morningstar Wide Moat ETF by 19.8% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 4,970 shares of the company’s stock worth $430,000 after buying an additional 820 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

BATS:MOAT opened at $96.01 on Friday. The stock has a market capitalization of $16.24 billion, a PE ratio of 28.30 and a beta of 1.01. The company’s 50 day moving average price is $93.26 and its 200 day moving average price is $89.34.

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.