Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the VanEck Morningstar Wide Moat ETF (MOAT) is a smart beta exchange traded fund launched on 04/24/2012.

We launch coverage of AppLovin with a narrow moat rating based on intangible assets ... We believe the excitement around AppLovin’s next-generation black box ad optimizer, Axon 2, is justified.