Morningstar Wide Moat ETF Experiences Significant Outflow
Major Change in ETF Shares: A $125.4 Million Drop
In the latest week of trading, the Morningstar Wide Moat ETF (Symbol: MOAT) has shown a notable $125.4 million outflow. This represents a decrease of 0.8% in shares outstanding, falling from 162,800,000 to 161,500,000.
The chart below illustrates MOAT’s price movement over the past year, compared to its 200-day moving average:
According to the chart, MOAT’s price hit a low of $83.235 per share over the last 52 weeks, while its highest point reached $99.06. Currently, it trades at $96.67. Evaluating the most recent share price against the 200-day moving average can provide valuable insights for investors. Learn more about the significance of the 200-day moving average here.
Explore More: Top 8%+ Dividends (Weekly)
Exchange-traded funds (ETFs) function similarly to stocks, but with a few key differences. Investors buy and sell “units” of an ETF rather than shares. These units can be created or destroyed to meet market demand. Each week, we analyze the changes in shares outstanding to identify ETFs with substantial inflows (when new units are created) or outflows (when existing units are removed). Notably, creating new units necessitates purchasing the ETF’s underlying assets, while removing units requires selling them. Thus, significant inflows or outflows can influence the individual securities within the ETF.
Click here for a list of 9 additional ETFs that have seen significant outflows.
Additional Information:
- PDVW shares outstanding history
- IMRA Videos
- Funds Holding ELF
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.