Magnolia Capital Advisors LLC Makes New $14.15 Million Investment in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Magnolia Capital Advisors LLC bought a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 163,376 shares of the company’s stock, valued at approximately $14,150,000. Magnolia Capital Advisors LLC owned 0.10% of VanEck Morningstar Wide Moat ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MOAT. Gilbert & Cook Inc. boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 14.7% during the fourth quarter. Gilbert & Cook Inc. now owns 9,229 shares of the company’s stock valued at $783,000 after purchasing an additional 1,182 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 4.6% during the fourth quarter. 9258 Wealth Management LLC now owns 22,017 shares of the company’s stock worth $1,869,000 after buying an additional 965 shares during the period. US Bancorp DE boosted its position in VanEck Morningstar Wide Moat ETF by 4.0% during the 4th quarter. US Bancorp DE now owns 14,986 shares of the company’s stock valued at $1,272,000 after acquiring an additional 574 shares in the last quarter. Commerce Bank purchased a new position in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter valued at $221,000. Finally, Advisory Services Network LLC bought a new position in shares of VanEck Morningstar Wide Moat ETF in the 4th quarter worth $219,000.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of MOAT stock opened at $96.87 on Friday. The company’s fifty day moving average is $92.55 and its 200-day moving average is $89.06. The company has a market capitalization of $16.38 billion, a P/E 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.