VanEck Agribusiness ETF (NYSEARCA:MOO) Sets New 12-Month Low – Here’s What Happened

VanEck Agribusiness ETF (NYSEARCA:MOO)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $63.99 and last traded at $64.12, with a volume of 17371 shares changing hands. The stock had previously closed at $64.94.

VanEck Agribusiness ETF Stock Performance

The company has a market cap of $695.74 million, a price-to-earnings ratio of 8.36 and a beta of 0.85. The company’s 50 day moving average price is $69.26 and its 200 day moving average price is $71.05.

Hedge Funds Weigh In On VanEck Agribusiness ETF

A number of institutional investors have recently modified their holdings of the company. Brookstone Capital Management grew its holdings in VanEck Agribusiness ETF by 7.2% in the 3rd quarter. Brookstone Capital Management now owns 4,428 shares of the company’s stock valued at $334,000 after buying an additional 298 shares during the last quarter. US Bancorp DE grew its stake in shares of VanEck Agribusiness ETF by 1.5% in the third quarter. US Bancorp DE now owns 24,469 shares of the company’s stock worth $1,848,000 after acquiring an additional 356 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in VanEck Agribusiness ETF by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,376 shares of the company’s stock worth $377,000 after acquiring an additional 386 shares during the period. Coastline Trust Co acquired a new position in VanEck Agribusiness ETF during the 3rd quarter valued at $45,000. Finally, Captrust Financial Advisors boosted its holdings in VanEck Agribusiness ETF by 18.4% in the 3rd quarter. Captrust Financial Advisors now owns 4,059 shares of the company’s stock valued at $306,000 after purchasing an additional 632 shares during the period.

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.