VanEck Morningstar SMID Moat ETF (BATS:SMOT) Shares Down 2.1% – Here’s Why

VanEck Morningstar SMID Moat ETF (BATS:SMOT)’s share price fell 2.1% during mid-day trading on Friday . The stock traded as low as $38.21 and last traded at $38.29. 20,643 shares were traded during mid-day trading, a decline of 49% from the average session volume of 40,313 shares. The stock had previously closed at $39.11.

VanEck Morningstar SMID Moat ETF Stock Performance

The firm has a 50 day moving average of $36.94 and a 200-day moving average of $36.69. The stock has a market capitalization of $426.17 million, a PE ratio of 17.96 and a beta of 1.28.

Institutional Investors Weigh In On VanEck Morningstar SMID Moat ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gradient Investments LLC raised 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 worth $29,791,000 after purchasing an additional 34,296 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of VanEck Morningstar SMID Moat ETF by 39.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 93,442 shares of the company’s stock worth $3,500,000 after purchasing an additional 26,545 shares in the last quarter. Pursue Wealth Partners LLC raised its stake in shares of VanEck Morningstar SMID Moat ETF by 93.7% during the 4th quarter. Pursue Wealth Partners LLC now owns 44,601 shares of the company’s stock worth $1,615,000 after purchasing an additional 21,579 shares in the last quarter. Allworth Financial LP raised its stake in shares of VanEck Morningstar SMID Moat ETF by 258.2% during 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 in the last quarter. Finally, Paladin Wealth LLC raised its stake in shares of VanEck Morningstar SMID Moat ETF by 22.4% during the 4th quarter. Paladin Wealth LLC now owns 27,125 shares of the company’s stock worth $982,000 after purchasing an additional 4,969 shares in the last quarter.

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.