The VanEck Morningstar Wide Moat ETF (MOAT) is experiencing price movement influenced by several factors affecting its underlying assets. The ETF tracks the Morningstar Wide Moat Focus Index, which includes companies with sustainable competitive advantages. However, recent market conditions have not been favorable for such companies. The broader market has been grappling with concerns over economic growth and interest rate hikes, which have particularly impacted sectors with high valuations and growth expectations. Additionally, the ongoing geopolitical tensions and uncertainties in global trade policies have added to the market's volatility, affecting investor sentiment towards equities with wide economic moats.
The current price of the MOAT ETF is $98.19, reflecting a 0.36% decrease from the previous close of $98.54.