The VanEck Morningstar Wide Moat ETF (MOAT) is up 0.1% in pre-market hours on Tuesday, November 26, reaching $98.83 as of 7:14 AM ET. The underlying assets of this ETF, which focus on companies with sustainable competitive advantages, are experiencing a positive sentiment shift. ASML Holding N.V., a key component, reported better-than-expected Q3 2024 results, despite issuing a cautious 2025 guidance. This has led to a reassessment of its long-term prospects, with management projecting 2030 revenues between 44 billion and 60 billion euros. The market is reacting to ASML's robust moat and potential for growth, even amid geopolitical risks.