VanEck Morningstar Wide Moat ETF (BATS:MOAT) Sets New 1-Year High – Here’s Why

VanEck Morningstar Wide Moat ETF (BATS:MOATGet Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $114.42 and last traded at $114.27, with a volume of 191770 shares. The stock had previously closed at $111.99.

VanEck Morningstar Wide Moat ETF Price Performance

The firm has a market cap of $15.41 billion, a PE ratio of 22.53 and a beta of 1.02. The business has a 50-day moving average price of $106.47 and a two-hundred day moving average price of $103.30.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat ETF

Hedge funds have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF in the first quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of VanEck Morningstar Wide Moat ETF during the 2nd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. purchased a new stake in VanEck Morningstar Wide Moat ETF in the 4th quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its holdings in VanEck Morningstar Wide Moat ETF by 60.9% during the 4th quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock valued at $31,000 after buying an additional 112 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in VanEck Morningstar Wide Moat ETF during the 4th quarter valued at $31,000.

VanEck Morningstar Wide Moat ETF Company Profile

(Get Free Report)

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.

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