By Coulter Regal, CFA, Product Manager As U.S. equities climbed, Morningstar’s Moat Index kept its value bias, offering a diversifier from concentration risk and the SMID Moat Index shifted from tech to materials and utilities as it seeks valuation opportunities. U.S. equities climbed higher in June as the S&P 500 posted its seventh positive month [...] The post Moat Stocks Steady Amid Tech’s Market Surge appeared first on ETF Trends .