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

VanEck Agribusiness ETF (NYSEARCA:MOO)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $72.43 and traded as high as $74.92. VanEck Agribusiness ETF shares last traded at $74.56, with a volume of 79,159 shares.

VanEck Agribusiness ETF Trading Up 0.1%

The firm’s 50 day simple moving average is $72.43 and its two-hundred day simple moving average is $73.38. The firm has a market cap of $611.39 million, a price-to-earnings ratio of 19.69 and a beta of 0.88.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in VanEck Agribusiness ETF during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. bought a new position in shares of VanEck Agribusiness ETF in the second quarter worth $35,000. GPS Wealth Strategies Group LLC raised its stake 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 in the last quarter. Farther Finance Advisors LLC raised its stake in VanEck Agribusiness ETF by 370.4% in the third 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 lifted its position in VanEck Agribusiness ETF by 100.0% during the first quarter. Wormser Freres Gestion now owns 700 shares of the company’s stock worth $48,000 after purchasing an additional 350 shares during the period.

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.