VanEck Agribusiness ETF (NYSEARCA:MOO) Hits New 1-Year High – Here’s What Happened

VanEck Agribusiness ETF (NYSEARCA:MOO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $82.55 and last traded at $82.58, with a volume of 103735 shares traded. The stock had previously closed at $81.53.

VanEck Agribusiness ETF Stock Performance

The firm has a market capitalization of $783.56 million, a P/E ratio of 19.69 and a beta of 0.88. The firm has a 50 day simple moving average of $75.27 and a two-hundred day simple moving average of $73.93.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI increased its position in shares of VanEck Agribusiness ETF by 2.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 9,679 shares of the company’s stock valued at $705,000 after acquiring an additional 233 shares during the last quarter. Wealthfront Advisers LLC grew its stake in VanEck Agribusiness ETF by 7.4% in the 4th quarter. Wealthfront Advisers LLC now owns 5,199 shares of the company’s stock valued at $378,000 after purchasing an additional 360 shares during the period. D.A. Davidson & CO. grew its stake in VanEck Agribusiness ETF by 169.5% in the 4th quarter. D.A. Davidson & CO. now owns 17,423 shares of the company’s stock valued at $1,268,000 after purchasing an additional 10,957 shares during the period. O ROURKE & COMPANY Inc increased its position in shares of VanEck Agribusiness ETF by 7.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 4,556 shares of the company’s stock valued at $332,000 after purchasing an additional 317 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of VanEck Agribusiness ETF by 648.5% during the 4th quarter. M&T Bank Corp now owns 77,330 shares of the company’s stock worth $5,629,000 after purchasing an additional 66,998 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.