VanEck Morningstar SMID Moat ETF (BATS:SMOT) Trading Up 1.1% – Time to Buy?

VanEck Morningstar SMID Moat ETF (BATS:SMOT)’s stock price was up 1.1% on Tuesday . The stock traded as high as $37.18 and last traded at $37.08. Approximately 17,365 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 56,724 shares. The stock had previously closed at $36.67.

VanEck Morningstar SMID Moat ETF Stock Up 1.1%

The company has a fifty day simple moving average of $37.06 and a 200-day simple moving average of $36.44. The firm has a market cap of $412.70 million, a P/E ratio of 17.96 and a beta of 1.28.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Focused Alpha LLC purchased a new stake in VanEck Morningstar SMID Moat ETF in the 4th quarter worth $3,814,000. Bank of America Corp DE boosted its stake in shares of VanEck Morningstar SMID Moat ETF by 18.7% in the second quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock worth $21,216,000 after acquiring an additional 95,940 shares during the period. Great Lakes Advisors LLC grew its position in shares of VanEck Morningstar SMID Moat ETF by 7.5% during the third quarter. Great Lakes Advisors LLC now owns 1,073,573 shares of the company’s stock worth $38,735,000 after purchasing an additional 74,823 shares in the last quarter. Vise Technologies Inc. purchased a new position in VanEck Morningstar SMID Moat ETF in the 4th quarter worth approximately $1,306,000. Finally, Gradient Investments LLC boosted its stake in VanEck Morningstar SMID Moat ETF by 4.3% in the 4th quarter. Gradient Investments LLC now owns 822,960 shares of the company’s stock worth $29,791,000 after purchasing an additional 34,296 shares during the period.

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.