VanEck Agribusiness ETF (NYSEARCA:MOO) Sets New 52-Week High – What’s Next?

VanEck Agribusiness ETF (NYSEARCA:MOO) hit a new 52-week high on Tuesday . The stock traded as high as $84.01 and last traded at $83.97, with a volume of 308129 shares traded. The stock had previously closed at $83.03.

VanEck Agribusiness ETF Stock Performance

The firm has a fifty day moving average of $76.75 and a 200 day moving average of $74.39. The firm has a market capitalization of $883.79 million, a PE ratio of 19.69 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in VanEck Agribusiness ETF by 9.0% during the 3rd quarter. UBS Group AG now owns 175,120 shares of the company’s stock valued at $12,863,000 after purchasing an additional 14,490 shares in the last quarter. Cetera Investment Advisers boosted its position in VanEck Agribusiness ETF by 4.2% in the 2nd quarter. Cetera Investment Advisers now owns 88,079 shares of the company’s stock valued at $6,484,000 after buying an additional 3,562 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of VanEck Agribusiness ETF during the fourth quarter valued at about $6,724,000. M&T Bank Corp increased its position in shares of VanEck Agribusiness ETF by 648.5% during the fourth quarter. M&T Bank Corp now owns 77,330 shares of the company’s stock worth $5,629,000 after acquiring an additional 66,998 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of VanEck Agribusiness ETF during the second quarter worth about $4,795,000.

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.