VanEck Morningstar Wide Moat ETF (BATS:MOAT) Hits New 1-Year 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 Up 1.8%

The stock’s 50-day moving average is $103.69 and its 200-day moving average is $102.81. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02.

Institutional Trading of VanEck Morningstar Wide Moat ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MOAT. Swmg LLC lifted its stake in shares of VanEck Morningstar Wide Moat ETF by 1.3% in the 4th quarter. Swmg LLC now owns 7,926 shares of the company’s stock valued at $836,000 after acquiring an additional 103 shares during the last quarter. Russell Investments Group Ltd. increased its holdings 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 worth $31,000 after purchasing an additional 112 shares in the last quarter. Western Pacific Wealth Management LP increased its holdings in VanEck Morningstar Wide Moat ETF by 1.7% in the 4th quarter. Western Pacific Wealth Management LP now owns 6,983 shares of the company’s stock worth $723,000 after purchasing an additional 116 shares in the last quarter. Warner Financial Inc. raised its position in VanEck Morningstar Wide Moat ETF by 1.2% in the fourth quarter. Warner Financial Inc. now owns 11,305 shares of the company’s stock valued at $1,171,000 after purchasing an additional 132 shares during the last quarter. Finally, Simplicity Wealth LLC raised its position in VanEck Morningstar Wide Moat ETF by 4.0% in the fourth quarter. Simplicity Wealth LLC now owns 3,458 shares of the company’s stock valued at $358,000 after purchasing an additional 133 shares during the last quarter.

About VanEck Morningstar Wide Moat ETF

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.