Morningstar Wide Moat ETF Sees $290 Million Outflow This Week
In recent analysis of week-over-week changes in shares outstanding among ETFs, the Morningstar Wide Moat ETF (Symbol: MOAT) stands out. The fund has experienced a significant outflow of approximately $290 million, representing a 2.3% decrease in shares outstanding, declining from 152,650,000 to 149,100,000.
Performance Overview of MOAT
The chart below illustrates the one-year price performance of MOAT alongside its 200-day moving average:
MOAT’s 52-week price range has seen a low of $75.43 and a high of $99.06, with the last recorded trade at $82.76. Evaluating the most recent share price against the 200-day moving average can provide valuable insights for technical analysis—learn more about the 200-day moving average here.
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Exchange traded funds (ETFs) function similarly to stocks; however, instead of “shares”, investors are buying and selling “units”. These “units” can be traded back and forth like stocks but can also be created or destroyed based on investor demand. Our weekly review of changes in shares outstanding allows us to monitor ETFs for significant inflows (indicating the creation of new units) or outflows (indicating the destruction of older units). The creation of new units necessitates the purchase of the underlying holdings, while the destruction of units requires selling those holdings. As such, large flows can impact the individual components held within ETFs.
Click here to explore which 9 other ETFs have recently seen notable outflows »
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
