VanEck Morningstar International Moat ETF (BATS:MOTI) Stock Price Down 2% – Here’s Why

VanEck Morningstar International Moat ETF (BATS:MOTI)’s share price dropped 2% on Monday . The company traded as low as $29.34 and last traded at $29.35. Approximately 15,865 shares changed hands during mid-day trading, The stock had previously closed at $29.94.

VanEck Morningstar International Moat ETF Stock Performance

The company has a 50 day moving average of $31.64 and a two-hundred day moving average of $32.42. The stock has a market capitalization of $207.87 million, a PE ratio of 12.33 and a beta of 0.95.

VanEck Morningstar International Moat ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were paid a dividend of $1.45 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On VanEck Morningstar International Moat ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new stake in VanEck Morningstar International Moat ETF during the 3rd quarter worth approximately $77,000. Creekside Partners acquired a new stake in shares of VanEck Morningstar International Moat ETF during the second quarter worth $375,000. Mengis Capital Management Inc. grew its holdings in shares of VanEck Morningstar International Moat ETF by 11.6% during the third quarter. Mengis Capital Management Inc. now owns 22,720 shares of the company’s stock valued at $796,000 after buying an additional 2,355 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of VanEck Morningstar International Moat ETF by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,890 shares of the company’s stock valued at $1,433,000 after acquiring an additional 6,684 shares during the period. Finally, Truist Financial Corp raised its stake in VanEck Morningstar International Moat ETF by 0.9% in the 2nd quarter. Truist Financial Corp now owns 48,067 shares of the company’s stock worth $1,507,000 after acquiring an additional 427 shares during the last quarter.

About VanEck Morningstar International Moat ETF

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.