VanEck Morningstar Wide Moat ETF (BATS:MOAT) Reaches New 52-Week High – Here’s What Happened

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 $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 Stock Performance

The business’s fifty day moving average is $103.69 and its 200-day moving average is $102.81. The firm has a market cap of $14.61 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 large investors have recently modified their holdings of the business. Whitener Capital Management Inc. bought a new stake in shares of VanEck Morningstar Wide Moat ETF in the second quarter worth $229,000. Wealthcare Advisory Partners LLC raised its position in VanEck Morningstar Wide Moat ETF by 0.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 220,424 shares of the company’s stock worth $22,915,000 after purchasing an additional 1,040 shares during the last quarter. Ferguson Shapiro LLC raised its position in VanEck Morningstar Wide Moat ETF by 9.3% during the 2nd quarter. Ferguson Shapiro LLC now owns 103,385 shares of the company’s stock worth $10,748,000 after purchasing an additional 8,771 shares during the last quarter. Whitaker Myers Wealth Managers LTD. lifted its holdings in VanEck Morningstar Wide Moat ETF by 6.2% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 430,701 shares of the company’s stock worth $44,776,000 after buying an additional 25,230 shares during the period. Finally, Tactive Advisors LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 1.4% during the 2nd quarter. Tactive Advisors LLC now owns 31,525 shares of the company’s stock worth $3,277,000 after buying an additional 425 shares during the period.

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.