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

VanEck Morningstar Wide Moat ETF (BATS:MOAT – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday. The company traded as high as $117.38 and last traded at $117.4050, with a volume of 22,479 shares changing hands. The stock had previously closed at $114.16.

VanEck Morningstar Wide Moat ETF Price Performance

The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 22.24 and a beta of 0.97. The firm has a 50-day moving average price of $110.20 and a two-hundred day moving average price of $105.42.

Institutional Investors Weigh In On VanEck Morningstar Wide Moat ETF

Several institutional investors have recently bought and sold shares of MOAT. BIP Wealth LLC boosted its holdings in shares of VanEck Morningstar Wide Moat ETF by 2.2% during the 3rd quarter. BIP Wealth LLC now owns 7,052 shares of the company’s stock worth $745,000 after buying an additional 149 shares during the period. RDA Financial Network raised its holdings in VanEck Morningstar Wide Moat ETF by 0.4% in the 2nd quarter. RDA Financial Network now owns 35,413 shares of the company’s stock valued at $3,682,000 after acquiring an additional 150 shares during the period. Trust Co. of Vermont acquired a new stake in VanEck Morningstar Wide Moat ETF during the second quarter worth approximately $28,000. Y.D. More Investments Ltd lifted its position in VanEck Morningstar Wide Moat ETF by 62.2% during the first quarter. Y.D. More Investments Ltd now owns 730 shares of the company’s stock worth $70,000 after acquiring an additional 280 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC lifted its position in VanEck Morningstar Wide Moat ETF by 1.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 21,709 shares of the company’s stock worth $2,257,000 after acquiring an additional 313 shares during the last quarter.

About VanEck Morningstar Wide Moat ETF

(Get Free Report)

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.

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