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

VanEck Agribusiness ETF (NYSEARCA:MOO) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $86.69 and last traded at $86.16, with a volume of 139804 shares. The stock had previously closed at $85.98.

VanEck Agribusiness ETF Stock Up 0.8%

The stock has a 50 day moving average of $81.81 and a 200 day moving average of $82.19. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.69 and a beta of 0.70.

Institutional Investors Weigh In On VanEck Agribusiness ETF

A number of institutional investors have recently modified their holdings of MOO. IFP Advisors Inc acquired a new stake in shares of VanEck Agribusiness ETF during the third quarter worth $25,000. Arax Advisory Partners bought a new stake in VanEck Agribusiness ETF during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in VanEck Agribusiness ETF during the 4th quarter worth about $27,000. EFG International AG bought a new position in shares of VanEck Agribusiness ETF in the 4th quarter worth about $30,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of VanEck Agribusiness ETF in the 2nd quarter worth about $35,000.

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.