VanEck Morningstar Wide Moat ETF (BATS:MOAT) Reaches New 12-Month High – Time to Buy?

VanEck Morningstar Wide Moat ETF (BATS:MOAT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $109.99 and last traded at $109.81, with a volume of 114483 shares changing hands. The stock had previously closed at $108.08.

VanEck Morningstar Wide Moat ETF Stock Up 1.1%

The business’s fifty day moving average is $104.24 and its two-hundred day moving average is $102.85. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MBM Wealth Consultants LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at $29,000. First Horizon Corp acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at $31,000. Russell Investments Group Ltd. lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 60.9% during the fourth quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after acquiring an additional 112 shares during the period. Finally, Empowered Funds LLC bought a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $32,000.

VanEck Morningstar Wide Moat ETF Company 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. MOAT was launched on Apr 25, 2012 and is managed by VanEck.