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Noteworthy ETF Outflows: MOAT

BNK Invest
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⚡ Quantum Brief
The Morningstar Wide Moat ETF (MOAT) experienced a $101.4 million outflow last week, marking a 0.7% decline in shares outstanding from 165.3 million to 164.15 million units. MOAT’s current share price sits at $88.28, nearing its 52-week high of $90.14, while its low remains $70.555, reflecting strong performance despite the recent outflow. ETF outflows occur when units are destroyed, requiring underlying assets—including tech giants like Apple, Tesla, and Nvidia—to be sold, potentially impacting stock prices. The fund’s 200-day moving average serves as a key technical indicator, with recent trading activity suggesting investor profit-taking or portfolio rebalancing. This outflow ranks among the top 10 notable ETF movements tracked weekly, signaling shifting investor sentiment in wide-moat stocks.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets MOAT Noteworthy ETF Outflows: MOAT July 15, 2024 — 11:02 am EDT Written by BNK Invest for BNK Invest-> Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Morningstar Wide Moat ETF (Symbol: MOAT) where we have detected an approximate $101.4 million dollar outflow -- that's a 0.7% decrease week over week (from 165,300,000 to 164,150,000). The chart below shows the one year price performance of MOAT, versus its 200 day moving average: Looking at the chart above, MOAT's low point in its 52 week range is $70.555 per share, with $90.14 as the 52 week high point — that compares with a last trade of $88.28. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: • BTNB shares outstanding history • Top Ten Hedge Funds Holding ISPY • Top 10 Hedge Funds Holding Henry Schein The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags MarketsStocksETFs BNK Invest BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally. BTNB shares outstanding history-> Top Ten Hedge Funds Holding ISPY-> Top 10 Hedge Funds Holding Henry Schein-> More articles by this source-> Stocks mentioned MOAT More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

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