VanEck Agribusiness ETF (NYSEARCA:MOO) Stock Passes Above Fifty Day Moving Average – Here’s Why

VanEck Agribusiness ETF (NYSEARCA:MOO) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $80.15 and traded as high as $82.81. VanEck Agribusiness ETF shares last traded at $81.78, with a volume of 426,136 shares.

VanEck Agribusiness ETF Stock Performance

The stock has a fifty day moving average of $80.15 and a 200-day moving average of $75.60. The company has a market cap of $850.51 million, a PE ratio of 19.69 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MOO. Corecam Pte. Ltd. bought a new stake in VanEck Agribusiness ETF during the 4th quarter valued at about $529,000. Widmann Financial Services Inc. raised its stake in shares of VanEck Agribusiness ETF by 7.0% during the fourth quarter. Widmann Financial Services Inc. now owns 28,261 shares of the company’s stock valued at $2,057,000 after acquiring an additional 1,843 shares in the last quarter. EFG International AG purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at approximately $30,000. Cetera Investment Advisers grew its stake in VanEck Agribusiness ETF by 1.9% in the fourth quarter. Cetera Investment Advisers now owns 89,536 shares of the company’s stock worth $6,517,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of VanEck Agribusiness ETF by 2.9% during the fourth quarter. Blair William & Co. IL now owns 12,658 shares of the company’s stock valued at $921,000 after buying an additional 355 shares during the period.

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. 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.