VanEck Morningstar Wide Moat ETF (BATS:MOAT) Sets New 52-Week High – Here’s Why

VanEck Morningstar Wide Moat ETF (BATS:MOAT) hit a new 52-week high during trading on Monday . The company traded as high as $109.99 and last traded at $109.81, with a volume of 114483 shares. The stock had previously closed at $108.08.

VanEck Morningstar Wide Moat ETF Stock Performance

The company has a market cap of $15.01 billion, a PE ratio of 22.53 and a beta of 1.02. The company has a 50 day simple moving average of $104.57 and a two-hundred day simple moving average of $102.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 6,583,657 shares of the company’s stock valued at $681,803,000 after acquiring an additional 180,972 shares in the last quarter. Boulay Financial Advisors LLC raised its holdings in shares of VanEck Morningstar Wide Moat ETF by 0.6% during the fourth quarter. Boulay Financial Advisors LLC now owns 2,132,699 shares of the company’s stock worth $220,862,000 after acquiring an additional 13,325 shares in the last quarter. Southern Farm Bureau Life Insurance boosted its position in VanEck Morningstar Wide Moat ETF by 31.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 1,107,967 shares of the company’s stock valued at $114,720,000 after purchasing an additional 262,940 shares during the last quarter. UBS Group AG boosted its position in VanEck Morningstar Wide Moat ETF by 13.5% during the fourth quarter. UBS Group AG now owns 1,106,486 shares of the company’s stock valued at $114,588,000 after purchasing an additional 131,322 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in VanEck Morningstar Wide Moat ETF by 10.8% in the first quarter. Royal Bank of Canada now owns 833,825 shares of the company’s stock valued at $80,630,000 after purchasing an additional 81,552 shares in 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.