Brown Financial Advisors Sells 23,549 Shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT)

Brown Financial Advisors reduced its position in shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,601 shares of the company’s stock after selling 23,549 shares during the quarter. VanEck Morningstar SMID Moat ETF comprises about 1.0% of Brown Financial Advisors’ portfolio, making the stock its 29th biggest position. Brown Financial Advisors’ holdings in VanEck Morningstar SMID Moat ETF were worth $2,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in VanEck Morningstar SMID Moat ETF during the fourth quarter worth $146,000. Whitaker Myers Wealth Managers LTD. purchased a new position in shares of VanEck Morningstar SMID Moat ETF during the fourth quarter valued at approximately $203,000. Global X Japan Co. Ltd. raised its position in VanEck Morningstar SMID Moat ETF by 20.2% in the 4th quarter. Global X Japan Co. Ltd. now owns 6,016 shares of the company’s stock valued at $207,000 after buying an additional 1,009 shares during the last quarter. Valued Retirements Inc. bought a new position in VanEck Morningstar SMID Moat ETF during the 3rd quarter valued at $211,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of VanEck Morningstar SMID Moat ETF in the 3rd quarter worth $211,000.

VanEck Morningstar SMID Moat ETF Stock Performance

Shares of SMOT stock opened at $35.65 on Tuesday. The stock has a market capitalization of $438.50 million, a P/E ratio of 19.66 and a beta of 1.31. The firm has a 50 day moving average price of $35.53 and a 200-day moving average price of $35.15.

VanEck Morningstar SMID Moat ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were given a dividend of $0.4082 per share. The ex-dividend date was Monday, December 23rd.

VanEck Morningstar SMID Moat ETF Profile

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.