VanEck Morningstar Wide Moat ETF (BATS:MOAT) Hits New 52-Week High – Should You Buy?

VanEck Morningstar Wide Moat ETF (BATS:MOAT) shares reached a new 52-week high on Tuesday . The company traded as high as $108.18 and last traded at $108.06, with a volume of 105478 shares changing hands. The stock had previously closed at $106.25.

VanEck Morningstar Wide Moat ETF Trading Down 0.2%

The firm has a market capitalization of $14.57 billion, a P/E ratio of 22.53 and a beta of 1.02. The stock’s 50-day simple moving average is $103.99 and its 200-day simple moving average is $102.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MOAT. MBM Wealth Consultants LLC bought a new position in VanEck Morningstar Wide Moat ETF during the first quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 4th quarter valued at approximately $29,000. First Horizon Corp bought a new position in VanEck Morningstar Wide Moat ETF in the 4th quarter worth approximately $31,000. Russell Investments Group Ltd. grew its stake in VanEck Morningstar Wide Moat ETF by 60.9% in 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 in the last quarter. Finally, Empowered Funds LLC bought a new stake in VanEck Morningstar Wide Moat ETF during the 4th quarter valued at $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.