VanEck Morningstar Wide Moat ETF (BATS:MOAT) Reaches New 12-Month High – Time to Buy?

VanEck Morningstar Wide Moat ETF (BATS:MOAT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $115.05 and last traded at $114.63, with a volume of 833634 shares. The stock had previously closed at $114.42.

VanEck Morningstar Wide Moat ETF Stock Down 0.2%

The stock has a fifty day simple moving average of $107.85 and a 200-day simple moving average of $103.70. The company has a market capitalization of $15.37 billion, a P/E ratio of 22.53 and a beta of 1.02.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat ETF

Several institutional investors have recently added to or reduced their stakes in MOAT. LPL Financial LLC increased its holdings in shares of VanEck Morningstar Wide Moat ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 6,583,657 shares of the company’s stock worth $681,803,000 after buying an additional 180,972 shares in the last quarter. Boulay Financial Advisors LLC grew its position in VanEck Morningstar Wide Moat ETF by 0.6% during the 4th 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 during the last quarter. UBS Group AG increased its holdings in VanEck Morningstar Wide Moat ETF by 13.5% during the 4th 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 in the last quarter. Royal Bank of Canada increased its holdings in VanEck Morningstar Wide Moat ETF by 10.8% during the 1st 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. Finally, Verde Capital Management raised its position in VanEck Morningstar Wide Moat ETF by 5.1% in the 1st quarter. Verde Capital Management now owns 658,249 shares of the company’s stock valued at $63,653,000 after purchasing an additional 31,931 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.