Turning Point Benefit Group Inc. Invests $219,000 in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Turning Point Benefit Group Inc. purchased a new position in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,379 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds also recently modified their holdings of MOAT. Silver Oak Securities Incorporated lifted its holdings in shares of VanEck Morningstar Wide Moat ETF by 70.4% during the third quarter. Silver Oak Securities Incorporated now owns 59,743 shares of the company’s stock worth $5,680,000 after purchasing an additional 24,676 shares during the period. Financial Partners Group LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 1.4% in the third quarter. Financial Partners Group LLC now owns 32,223 shares of the company’s stock valued at $3,124,000 after buying an additional 440 shares during the period. Financial Management Network Inc. lifted its holdings in VanEck Morningstar Wide Moat ETF by 3.3% in the third quarter. Financial Management Network Inc. now owns 488,251 shares of the company’s stock valued at $46,877,000 after buying an additional 15,757 shares during the period. Strategic Investment Solutions Inc. IL lifted its holdings in VanEck Morningstar Wide Moat ETF by 80.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 11,301 shares of the company’s stock valued at $1,096,000 after buying an additional 5,035 shares during the period. Finally, Lake Street Advisors Group LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 26.9% in the third quarter. Lake Street Advisors Group LLC now owns 5,806 shares of the company’s stock valued at $563,000 after buying an additional 1,231 shares during the period.

VanEck Morningstar Wide Moat ETF Trading Down 0.2 %

MOAT stock opened at $92.14 on Friday. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 25.73 and a beta of 1.03. The firm has a 50-day moving average price of $93.66 and a two-hundred day moving average price of $94.78.

VanEck Morningstar Wide Moat ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.2675 dividend. The ex-dividend date 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.