First Foundation Advisors Boosts Position in VanEck Morningstar SMID Moat ETF (BATS:SMOT)

First Foundation Advisors raised its position in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 50,953 shares of the company’s stock after buying an additional 2,406 shares during the quarter. First Foundation Advisors’ holdings in VanEck Morningstar SMID Moat ETF were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMOT. TRUE Private Wealth Advisors increased its holdings in VanEck Morningstar SMID Moat ETF by 13.0% during the fourth quarter. TRUE Private Wealth Advisors now owns 79,681 shares of the company’s stock valued at $2,747,000 after buying an additional 9,148 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of VanEck Morningstar SMID Moat ETF in the 4th quarter worth $8,428,000. Maridea Wealth Management LLC bought a new position in VanEck Morningstar SMID Moat ETF in the 4th quarter worth $323,000. Woodmont Investment Counsel LLC lifted its position in VanEck Morningstar SMID Moat ETF by 2.8% during the fourth quarter. Woodmont Investment Counsel LLC now owns 163,937 shares of the company’s stock valued at $5,651,000 after purchasing an additional 4,527 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in VanEck Morningstar SMID Moat ETF by 17.1% during the fourth quarter. LPL Financial LLC now owns 1,088,476 shares of the company’s stock valued at $37,520,000 after purchasing an additional 158,994 shares during the period.

VanEck Morningstar SMID Moat ETF Stock Down 14.7 %

BATS SMOT opened at $29.61 on Friday. VanEck Morningstar SMID Moat ETF has a 52 week low of $27.93 and a 52 week high of $37.70. The company has a market capitalization of $376.06 million, a P/E ratio of 17.69 and a beta of 1.31. The stock’s 50-day moving average price is $33.82 and its 200-day moving average price is $34.98.

About VanEck Morningstar SMID Moat ETF

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations.