VanEck Morningstar International Moat ETF (BATS:MOTI) Stock Price Down 1.1% – Here’s Why

VanEck Morningstar International Moat ETF (BATS:MOTI)’s share price was down 1.1% during mid-day trading on Tuesday . The company traded as low as $34.33 and last traded at $34.46. 10,416 shares changed hands during trading, a decline of 71% from the average daily volume of 35,723 shares. The stock had previously closed at $34.84.

VanEck Morningstar International Moat ETF Stock Down 1.1%

The stock has a market capitalization of $177.47 million, a PE ratio of 19.33 and a beta of 0.74. The firm’s fifty day moving average is $34.16 and its 200-day moving average is $35.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MOTI. RiverFront Investment Group LLC increased its holdings in VanEck Morningstar International Moat ETF by 4.3% in the fourth quarter. RiverFront Investment Group LLC now owns 975,633 shares of the company’s stock valued at $35,786,000 after buying an additional 40,512 shares in the last quarter. MCF Advisors LLC purchased a new position in VanEck Morningstar International Moat ETF in the 4th quarter valued at approximately $1,226,000. Signature Estate & Investment Advisors LLC raised its holdings in VanEck Morningstar International Moat ETF by 3.2% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 15,130 shares of the company’s stock worth $555,000 after purchasing an additional 472 shares during the last quarter. Leelyn Smith LLC boosted its position in VanEck Morningstar International Moat ETF by 3.6% during the first quarter. Leelyn Smith LLC now owns 9,908 shares of the company’s stock worth $338,000 after purchasing an additional 345 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in VanEck Morningstar International Moat ETF by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 110,871 shares of the company’s stock valued at $3,786,000 after purchasing an additional 2,967 shares during the last quarter.

About VanEck Morningstar International Moat ETF

The VanEck Morningstar International Moat ETF (MOTI) is an exchange-traded fund that is based on the Morningstar Global ex-US Moat Focus index. The fund tracks an equal-weighted index of 50 non-US companies that Morningstar deems to have a sustainable competitive advantage and an attractive valuation. MOTI was launched on Jul 14, 2015 and is managed by VanEck.