VanEck Agribusiness ETF (NYSEARCA:MOO) Shares Pass Above 50 Day Moving Average – What’s Next?

VanEck Agribusiness ETF (NYSEARCA:MOO) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $68.23 and traded as high as $68.78. VanEck Agribusiness ETF shares last traded at $68.09, with a volume of 55,935 shares changing hands.

VanEck Agribusiness ETF Stock Up 0.8 %

The stock has a market capitalization of $574.73 million, a price-to-earnings ratio of 18.97 and a beta of 0.93. The stock has a fifty day moving average of $68.29 and a 200-day moving average of $69.79.

Institutional Investors Weigh In On VanEck Agribusiness ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers increased its holdings in shares of VanEck Agribusiness ETF by 72.7% in the 4th quarter. Cetera Investment Advisers now owns 86,839 shares of the company’s stock valued at $5,603,000 after acquiring an additional 36,547 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at about $3,235,000. Fortis Advisors LLC boosted its stake in shares of VanEck Agribusiness ETF by 3.6% during the fourth quarter. Fortis Advisors LLC now owns 45,776 shares of the company’s stock worth $2,953,000 after buying an additional 1,598 shares during the period. Transform Wealth LLC grew its holdings in shares of VanEck Agribusiness ETF by 189.3% during the fourth quarter. Transform Wealth LLC now owns 43,525 shares of the company’s stock worth $2,808,000 after buying an additional 28,480 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in VanEck Agribusiness ETF by 25.0% during the 4th quarter. JPMorgan Chase & Co. now owns 42,159 shares of the company’s stock valued at $2,720,000 after acquiring an additional 8,435 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.