Not many exchange traded funds, particularly ones that have been on the market awhile, have been making new highs in recent weeks. One noticeable exception to that disappointing trend is the Market Vectors Morningstar Wide Moat ETF (NYSE: MOAT).
MOAT was one just 16 ETFs to hit an all-time high Thursday. On a day in which U.S. stocks were drubbed, MOAT found a way to add to its impressive year-to-date showing, which now stands at a gain of 13.8 percent.
Followers of Warren Buffett have heard the Oracle of Omaha espouse the virtues of wide moat investing and MOAT is an ETF that makes that strategy accessible to investors in basket form. The ETF follows the Morningstar Wide Moat Focus Index “which is intended ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7903748/wide-moat-etf-is-on-a-tear alt=Wide Moat ETF Is On A Tear>Full story available on Benzinga.com
More...