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

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

VanEck Agribusiness ETF Stock Performance

The stock has a 50-day moving average price of $72.85 and a two-hundred day moving average price of $73.40. The stock has a market capitalization of $606.55 million, a P/E ratio of 19.69 and a beta of 0.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in VanEck Agribusiness ETF in the 2nd quarter valued at approximately $53,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of VanEck Agribusiness ETF during the second quarter valued at $397,000. Flow Traders U.S. LLC purchased a new stake in shares of VanEck Agribusiness ETF during the second quarter valued at $1,982,000. Barry Investment Advisors LLC boosted its position in shares of VanEck Agribusiness ETF by 2.8% during the second quarter. Barry Investment Advisors LLC now owns 62,267 shares of the company’s stock valued at $4,584,000 after buying an additional 1,686 shares during the last quarter. Finally, CWM LLC increased its holdings in VanEck Agribusiness ETF by 40.4% in the 2nd quarter. CWM LLC now owns 1,574 shares of the company’s stock worth $116,000 after buying an additional 453 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.