VanEck Agribusiness ETF (NYSEARCA:MOO) Sets New 52-Week High – Should You Buy?

VanEck Agribusiness ETF (NYSEARCA:MOO)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $77.76 and last traded at $77.33, with a volume of 425306 shares. The stock had previously closed at $77.46.

VanEck Agribusiness ETF Stock Down 0.2%

The firm has a market cap of $676.64 million, a price-to-earnings ratio of 19.69 and a beta of 0.88. The company’s 50-day moving average price is $73.50 and its 200-day moving average price is $73.49.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Large investors have recently bought and sold shares of the company. IFP Advisors Inc purchased a new position in shares of VanEck Agribusiness ETF in the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in VanEck Agribusiness ETF in the 2nd quarter valued at $35,000. GPS Wealth Strategies Group LLC lifted its holdings in VanEck Agribusiness ETF by 55.2% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in VanEck Agribusiness ETF by 370.4% in 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, Ameritas Advisory Services LLC acquired a new stake in VanEck Agribusiness ETF during the 2nd quarter worth $53,000.

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.