VanEck Agribusiness ETF (NYSEARCA:MOO – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $80.65 and traded as high as $82.92. VanEck Agribusiness ETF shares last traded at $82.13, with a volume of 171,353 shares changing hands.
VanEck Agribusiness ETF Stock Performance
The business has a 50-day simple moving average of $80.89 and a two-hundred day simple moving average of $82.09. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.69 and a beta of 0.70.
Institutional Investors Weigh In On VanEck Agribusiness ETF
Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in VanEck Agribusiness ETF in the 3rd quarter valued at $25,000. Arax Advisory Partners acquired a new stake in shares of VanEck Agribusiness ETF in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of VanEck Agribusiness ETF in the 4th quarter worth $27,000. EFG International AG purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in VanEck Agribusiness ETF during the second quarter worth about $35,000.
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.
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