VanEck Morningstar International Moat ETF (BATS:MOTI) Trading 0.6% Higher – Here’s Why

VanEck Morningstar International Moat ETF (BATS:MOTI)’s share price traded up 0.6% during trading on Monday . The company traded as high as $35.35 and last traded at $35.30. 14,694 shares were traded during mid-day trading, a decline of 11% from the average session volume of 16,532 shares. The stock had previously closed at $35.09.

VanEck Morningstar International Moat ETF Stock Performance

The stock has a fifty day moving average of $36.02 and a 200 day moving average of $37.12. The company has a market capitalization of $185.86 million, a P/E ratio of 19.33 and a beta of 0.74.

Institutional Investors Weigh In On VanEck Morningstar International Moat ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. RiverFront Investment Group LLC raised its holdings in VanEck Morningstar International Moat ETF by 4.3% during the fourth quarter. RiverFront Investment Group LLC now owns 975,633 shares of the company’s stock valued at $35,786,000 after acquiring an additional 40,512 shares during the period. Envestnet Asset Management Inc. raised its holdings in VanEck Morningstar International Moat ETF by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 961,237 shares of the company’s stock valued at $35,633,000 after acquiring an additional 2,882 shares during the period. LPL Financial LLC raised its holdings in VanEck Morningstar International Moat ETF by 9.4% during the fourth quarter. LPL Financial LLC now owns 267,817 shares of the company’s stock valued at $9,824,000 after acquiring an additional 23,049 shares during the period. Royal Bank of Canada raised its holdings in VanEck Morningstar International Moat ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 190,327 shares of the company’s stock valued at $6,333,000 after acquiring an additional 5,656 shares during the period. Finally, Accredited Wealth Management LLC raised its holdings in VanEck Morningstar International Moat ETF by 155.1% during the third quarter. Accredited Wealth Management LLC now owns 83,872 shares of the company’s stock valued at $3,109,000 after acquiring an additional 50,996 shares during the period.

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. MOTI was launched on Jul 14, 2015 and is managed by VanEck.