VanEck Morningstar International Moat ETF (BATS:MOTI) Stock Price Up 1.5% – Still a Buy?

VanEck Morningstar International Moat ETF (BATS:MOTI)’s share price shot up 1.5% during mid-day trading on Monday . The stock traded as high as $33.25 and last traded at $33.24. Approximately 9,783 shares traded hands during trading, a decline of 75% from the average daily volume of 39,414 shares. The stock had previously closed at $32.76.

VanEck Morningstar International Moat ETF Price Performance

The stock’s 50-day simple moving average is $34.54 and its 200 day simple moving average is $36.00. The stock has a market capitalization of $171.19 million, a P/E ratio of 19.33 and a beta of 0.74.

Institutional Trading of VanEck Morningstar International Moat ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in VanEck Morningstar International Moat ETF in the 2nd quarter valued at about $27,000. Jones Financial Companies Lllp bought a new stake in shares of VanEck Morningstar International Moat ETF during the first quarter worth approximately $58,000. NewEdge Advisors LLC bought a new stake in shares of VanEck Morningstar International Moat ETF during the first quarter worth approximately $67,000. Fifth Third Bancorp acquired a new position in shares of VanEck Morningstar International Moat ETF in the first quarter valued at approximately $173,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of VanEck Morningstar International Moat ETF by 4.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,922 shares of the company’s stock worth $291,000 after purchasing an additional 347 shares during the period.

VanEck Morningstar International Moat ETF Company Profile

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.