VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Strong Trading Volume – Here’s What Happened

VanEck Agribusiness ETF (NYSEARCA:MOO) shares saw unusually-high trading volume on Tuesday . Approximately 212,777 shares changed hands during trading, an increase of 275% from the previous session’s volume of 56,699 shares.The stock last traded at $73.98 and had previously closed at $74.56.

VanEck Agribusiness ETF Trading Down 0.7%

The stock has a market capitalization of $607.42 million, a PE ratio of 19.69 and a beta of 0.88. The business’s 50-day moving average is $72.43 and its two-hundred day moving average is $73.38.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Several hedge funds have recently modified their holdings of MOO. IFP Advisors Inc purchased a new stake in VanEck Agribusiness ETF during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of VanEck Agribusiness ETF during the second quarter worth about $35,000. GPS Wealth Strategies Group LLC boosted its holdings in VanEck Agribusiness ETF by 55.2% in the third quarter. GPS Wealth Strategies Group LLC now owns 495 shares of the company’s stock valued at $36,000 after purchasing an additional 176 shares during the last quarter. Farther Finance Advisors LLC grew its stake in VanEck Agribusiness ETF by 370.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $37,000 after purchasing an additional 400 shares in the last quarter. Finally, Wormser Freres Gestion increased its holdings in VanEck Agribusiness ETF by 100.0% during the 1st quarter. Wormser Freres Gestion now owns 700 shares of the company’s stock worth $48,000 after purchasing an additional 350 shares during the last quarter.

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.