VanEck Morningstar Wide Moat ETF (BATS:MOAT) Hits New 12-Month High – Still a Buy?

VanEck Morningstar Wide Moat ETF (BATS:MOAT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $114.42 and last traded at $114.27, with a volume of 191770 shares changing hands. The stock had previously closed at $111.99.

VanEck Morningstar Wide Moat ETF Price Performance

The business has a 50-day simple moving average of $106.95 and a 200 day simple moving average of $103.42. The firm has a market cap of $15.30 billion, a PE ratio of 22.53 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MOAT. Boston Family Office LLC lifted its position in shares of VanEck Morningstar Wide Moat ETF by 14.2% in the fourth quarter. Boston Family Office LLC now owns 66,197 shares of the company’s stock worth $6,855,000 after buying an additional 8,218 shares in the last quarter. Financial Solutions Advisory Group Inc. purchased a new position in VanEck Morningstar Wide Moat ETF during the 1st quarter valued at approximately $10,762,000. Activest Wealth Management grew its holdings in VanEck Morningstar Wide Moat ETF by 2.7% during the 4th quarter. Activest Wealth Management now owns 235,643 shares of the company’s stock valued at $24,403,000 after buying an additional 6,184 shares in the last quarter. Stonebridge Financial Group LLC MO bought a new stake in VanEck Morningstar Wide Moat ETF in the 4th quarter worth approximately $3,224,000. Finally, Southern Farm Bureau Life Insurance increased its stake in VanEck Morningstar Wide Moat ETF by 31.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 1,107,967 shares of the company’s stock worth $114,720,000 after acquiring an additional 262,940 shares during the last quarter.

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.