VanEck Morningstar SMID Moat ETF (BATS:SMOT) Stock Price Down 2.1% – Here’s What Happened

Shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) traded down 2.1% during mid-day trading on Friday . The company traded as low as $38.21 and last traded at $38.29. 20,643 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 40,313 shares. The stock had previously closed at $39.11.

VanEck Morningstar SMID Moat ETF Stock Down 2.1%

The firm has a market cap of $426.17 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. The business has a 50 day moving average price of $36.94 and a 200-day moving average price of $36.69.

Institutional Investors Weigh In On VanEck Morningstar SMID Moat ETF

Hedge funds have recently bought and sold shares of the business. 1620 Investment Advisors Inc. grew its stake in VanEck Morningstar SMID Moat ETF by 67.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 835 shares of the company’s stock valued at $30,000 after purchasing an additional 335 shares in the last quarter. Optiver Holding B.V. acquired a new stake in VanEck Morningstar SMID Moat ETF during the 3rd quarter valued at approximately $37,000. Allworth Financial LP grew its stake in VanEck Morningstar SMID Moat ETF by 258.2% during the 3rd quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock valued at $41,000 after purchasing an additional 816 shares in the last quarter. Arax Advisory Partners acquired a new stake in VanEck Morningstar SMID Moat ETF during the 4th quarter valued at approximately $50,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in VanEck Morningstar SMID Moat ETF during the 4th quarter valued at approximately $73,000.

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. SMOT was launched on Oct 4, 2022 and is managed by VanEck.