LPL Financial LLC Lowers Stake in VanEck Morningstar International Moat ETF (BATS:MOTI)

LPL Financial LLC cut its stake in VanEck Morningstar International Moat ETF (BATS:MOTI) by 26.9% during the fourth quarter, HoldingsChannel reports. The firm owned 202,436 shares of the company’s stock after selling 74,580 shares during the period. LPL Financial LLC’s holdings in VanEck Morningstar International Moat ETF were worth $6,133,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in VanEck Morningstar International Moat ETF in the 4th quarter valued at about $11,490,000. Whipplewood Advisors LLC bought a new stake in shares of VanEck Morningstar International Moat ETF during the fourth quarter valued at approximately $948,000. Savant Capital LLC purchased a new stake in shares of VanEck Morningstar International Moat ETF in the fourth quarter valued at approximately $222,000. Moors & Cabot Inc. bought a new position in VanEck Morningstar International Moat ETF in the fourth quarter worth approximately $220,000. Finally, Turning Point Benefit Group Inc. purchased a new position in VanEck Morningstar International Moat ETF during the 4th quarter worth $209,000.

VanEck Morningstar International Moat ETF Trading Up 2.4 %

Shares of MOTI stock opened at $30.18 on Tuesday. VanEck Morningstar International Moat ETF has a twelve month low of $29.17 and a twelve month high of $36.29. The stock has a fifty day simple moving average of $33.21 and a two-hundred day simple moving average of $32.69. The stock has a market capitalization of $152.41 million, a price-to-earnings ratio of 21.42 and a beta of 0.79.

About VanEck Morningstar International Moat ETF

The VanEck Morningstar International Moat ETF (MOTI) is an exchange-traded fund that is based on the Morningstar Global ex-US Moat Focus index. The fund tracks an equal-weighted index of 50 non-US companies that Morningstar deems to have a sustainable competitive advantage and an attractive valuation.