MGRO Stock Summary and Trading Ideas (SHL Telemedicine Vaneck Morningstar Wide Moat Growth ETF | BATS:MGRO)

VanEck Morningstar Wide Moat Growth ETF (MGRO) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar US Broad Growth Wide Moat Focus Index (MSUBGFGU), which is intended to track the overall performance of attractively priced growth-oriented companies with sustainable competitive advantages according to Morningstar's equity research team. The Morningstar US Broad Growth Wide Moat Focus Index is designed to provide exposure to growth-oriented companies in the Morningstar US Market Index with a Morningstar Economic Moat Rating of wide trading at the lowest current market price/fair value ratios within their respective Morningstar sector benchmark. Moat ratings and fair value estimates are determined through independent research conducted by the Morningstar Equity Research team. Aligned with the Morningstar Style Box, the index is underpinned by a 10-factor model that paints a holistic picture of style.

SHL Telemedicine Vaneck Morningstar Wide Moat Growth ETF trades on the BATS stock market under the symbol MGRO.

As of May 9, 2024, MGRO stock price climbed to $28.85 with 2,700 million shares trading.

MGRO has a market cap of $721,135.00. This is considered a Sub-Micro Cap stock.

MGRO support price is $28.39 and resistance is $28.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGRO stock will trade within this expected range on the day.