VanEck Morningstar SMID Moat ETF (BATS:SMOT) Shares Up 2.8% – Still a Buy?

Shares of VanEck Morningstar SMID Moat ETF (BATS:SMOT) shot up 2.8% during trading on Thursday . The company traded as high as $36.84 and last traded at $37.7350. 28,510 shares were traded during trading, a decline of 67% from the average session volume of 87,519 shares. The stock had previously closed at $36.71.

VanEck Morningstar SMID Moat ETF Price Performance

The company’s 50-day moving average price is $36.60 and its two-hundred day moving average price is $36.18. The company has a market capitalization of $419.99 million, a P/E ratio of 17.96 and a beta of 1.28.

Hedge Funds Weigh In On VanEck Morningstar SMID Moat ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. purchased a new position in shares of VanEck Morningstar SMID Moat ETF in the third quarter valued at $37,000. Geneos Wealth Management Inc. lifted its holdings in VanEck Morningstar SMID Moat ETF by 116.5% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,115 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Allworth Financial LP boosted its stake in VanEck Morningstar SMID Moat ETF by 258.2% in the 3rd quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock worth $41,000 after purchasing an additional 816 shares during the period. Bank of New Hampshire bought a new position in VanEck Morningstar SMID Moat ETF in the 3rd quarter worth about $148,000. Finally, Oppenheimer & Co. Inc. grew its holdings in VanEck Morningstar SMID Moat ETF by 12.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,451 shares of the company’s stock valued at $233,000 after buying an additional 696 shares in the last quarter.

VanEck Morningstar SMID Moat ETF Company Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.