VanEck Morningstar SMID Moat ETF (BATS:SMOT) Shares Down 1.4% – Time to Sell?

VanEck Morningstar SMID Moat ETF (BATS:SMOT) shares fell 1.4% on Wednesday . The stock traded as low as $34.92 and last traded at $34.92. 33,534 shares changed hands during trading, a decline of 34% from the average session volume of 50,651 shares. The stock had previously closed at $35.40.

VanEck Morningstar SMID Moat ETF Price Performance

The stock’s 50-day moving average is $36.86 and its two-hundred day moving average is $36.44. The company has a market cap of $388.66 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 modified their holdings of the company. Focused Alpha LLC bought a new stake in shares of VanEck Morningstar SMID Moat ETF in the fourth quarter worth $3,814,000. Bank of America Corp DE lifted its holdings in 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 valued at $21,216,000 after acquiring an additional 95,940 shares during the period. Great Lakes Advisors LLC boosted its position in VanEck Morningstar SMID Moat ETF by 7.5% in 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 during the last quarter. Vise Technologies Inc. purchased a new position in VanEck Morningstar SMID Moat ETF in the fourth quarter worth about $1,306,000. Finally, Gradient Investments LLC grew its stake in shares of VanEck Morningstar SMID Moat ETF by 4.3% during the 4th quarter. Gradient Investments LLC now owns 822,960 shares of the company’s stock valued at $29,791,000 after purchasing an additional 34,296 shares during the period.

About VanEck Morningstar SMID Moat ETF

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.