VanEck Agribusiness ETF (NYSEARCA:MOO) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $72.55 and traded as high as $73.15. VanEck Agribusiness ETF shares last traded at $72.79, with a volume of 47,072 shares.

VanEck Agribusiness ETF Stock Performance

The stock has a market cap of $604.87 million, a price-to-earnings ratio of 19.69 and a beta of 0.88. The business has a 50-day simple moving average of $72.53 and a two-hundred day simple moving average of $73.38.

Hedge Funds Weigh In On VanEck Agribusiness ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MOO. Comerica Bank raised its position in shares of VanEck Agribusiness ETF by 5.9% in the first quarter. Comerica Bank now owns 18,174 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,005 shares during the period. Sovran Advisors LLC raised its holdings in VanEck Agribusiness ETF by 29.1% in the 2nd quarter. Sovran Advisors LLC now owns 7,287 shares of the company’s stock valued at $545,000 after acquiring an additional 1,641 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in VanEck Agribusiness ETF during the second quarter worth approximately $397,000. Mandatum Life Insurance Co Ltd lifted its position in VanEck Agribusiness ETF by 24.6% during the second quarter. Mandatum Life Insurance Co Ltd now owns 39,588 shares of the company’s stock worth $2,914,000 after acquiring an additional 7,810 shares during the last quarter. Finally, Barry Investment Advisors LLC grew its position in shares of VanEck Agribusiness ETF by 2.8% in the second quarter. Barry Investment Advisors LLC now owns 62,267 shares of the company’s stock valued at $4,584,000 after purchasing an additional 1,686 shares during the last quarter.

About VanEck Agribusiness ETF

Market Vectors Agribusiness ETF (the Fund) replicates as closely as possible the price and yield performance of the DAXglobal Agribusiness Index (DXAG). DXAG, calculated by Deutsche Borse AG, is a modified market capitalization-weighted index consisting of publicly traded companies engaged in the agriculture business that are traded on global exchanges. DXAG provides exposure to companies worldwide that derive at least 50% of their revenues from agriculture business. Companies eligible for inclusion in DXAG should have market capitalization exceeding $150 million; should have worldwide daily average trading volume of at least $1 million over past six months and in each of the past two months, and should have maintained monthly trading volume of 250,000 shares over past six months.