VanEck Agribusiness ETF (NYSEARCA:MOO) Reaches New 12-Month High – Here’s Why

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) hit a new 52-week high on Wednesday . The company traded as high as $77.05 and last traded at $76.9370, with a volume of 67896 shares trading hands. The stock had previously closed at $75.40.

VanEck Agribusiness ETF Stock Down 0.3%

The business has a 50-day moving average price of $73.14 and a 200-day moving average price of $73.45. The firm has a market capitalization of $611.93 million, a PE ratio of 19.69 and a beta of 0.88.

Institutional Trading of VanEck Agribusiness ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. raised its holdings in VanEck Agribusiness ETF by 20.9% in the 2nd quarter. Westside Investment Management Inc. now owns 866 shares of the company’s stock valued at $64,000 after buying an additional 150 shares during the period. MAI Capital Management boosted its stake in shares of VanEck Agribusiness ETF by 2.0% in the 2nd quarter. MAI Capital Management now owns 7,833 shares of the company’s stock valued at $577,000 after buying an additional 150 shares during the period. Gould Asset Management LLC CA increased its position in shares of VanEck Agribusiness ETF by 4.9% in the 3rd quarter. Gould Asset Management LLC CA now owns 3,437 shares of the company’s stock valued at $252,000 after purchasing an additional 160 shares during the last quarter. Fifth Third Securities Inc. lifted its holdings in VanEck Agribusiness ETF by 2.3% during the 2nd quarter. Fifth Third Securities Inc. now owns 7,492 shares of the company’s stock worth $552,000 after buying an additional 169 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its holdings in VanEck Agribusiness ETF by 55.2% in the third quarter. GPS Wealth Strategies Group LLC now owns 495 shares of the company’s stock valued at $36,000 after purchasing an additional 176 shares in the last quarter.

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.