For MOAT shareholders, the impact of Facebook’s stellar quarterly results will be interesting to watch. The stock has only been part of the ETF’s underlying index since June 21. Since then MOAT, which has $269.1 million in assets under management, has gained 5.3%.
Facebook was part of a group of eight newly added stocks to MOAT’s index. Others included Schlumberger, Amgen (NasdaqGM: AMGN) and eBay (NasdaqGM: EBAY). Among the eight stocks that were removed were Intel (NasdaqGM: INTC) and Microsoft (NasdaqGM: MSFT).
Investors that are considering a move into MOAT on the back of the Facebook earnings report will also want to know what stocks are Morningstar’s watch list for possible inclusion in MOAT’s index. That group of 10 currently includes. Amazon.com (NasdaqGM: AMZN) and one of Buffett’s largest holdings, Coca-Cola (NYSE: KO).
Market Vectors Wide Moat ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Amazon, Coca-Cola, Facebook, GE, Microsoft and MOAT.