VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Strong Trading Volume – Time to Buy?

VanEck Agribusiness ETF (NYSEARCA:MOO) shares saw strong trading volume on Tuesday . 196,415 shares changed hands during trading, a decline of 13% from the previous session’s volume of 226,375 shares.The stock last traded at $76.8750 and had previously closed at $77.46.

VanEck Agribusiness ETF Stock Performance

The firm has a fifty day moving average price of $73.75 and a 200 day moving average price of $73.56. The firm has a market capitalization of $690.20 million, a price-to-earnings ratio of 19.69 and a beta of 0.88.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc purchased a new position in shares of VanEck Agribusiness ETF in the 3rd quarter valued at about $25,000. Geneos Wealth Management Inc. purchased a new stake in VanEck Agribusiness ETF during the second quarter worth about $35,000. GPS Wealth Strategies Group LLC grew its position in VanEck Agribusiness ETF by 55.2% during the third quarter. GPS Wealth Strategies Group LLC now owns 495 shares of the company’s stock worth $36,000 after buying an additional 176 shares during the period. Farther Finance Advisors LLC increased its holdings in VanEck Agribusiness ETF by 370.4% in the third quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 400 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in VanEck Agribusiness ETF in the second quarter valued at about $53,000.

VanEck Agribusiness ETF Company Profile

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.