VanEck Agribusiness ETF (NYSEARCA:MOO – Get Free Report) shares saw strong trading volume on Friday . 88,634 shares changed hands during trading, an increase of 55% from the previous session’s volume of 57,352 shares.The stock last traded at $70.4540 and had previously closed at $69.32.
VanEck Agribusiness ETF Trading Up 2.5%
The stock’s 50-day moving average is $72.65 and its 200-day moving average is $73.14. The stock has a market cap of $582.86 million, a price-to-earnings ratio of 19.69 and a beta of 0.88.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its position in shares of VanEck Agribusiness ETF by 53.7% in the first quarter. AE Wealth Management LLC now owns 1,165 shares of the company’s stock worth $79,000 after buying an additional 407 shares during the period. Arkadios Wealth Advisors acquired a new stake in VanEck Agribusiness ETF in the first quarter valued at approximately $387,000. NorthRock Partners LLC purchased a new stake in shares of VanEck Agribusiness ETF during the first quarter valued at approximately $144,000. Moors & Cabot Inc. lifted its position in shares of VanEck Agribusiness ETF by 16.3% during the first quarter. Moors & Cabot Inc. now owns 3,929 shares of the company’s stock worth $267,000 after purchasing an additional 550 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in VanEck Agribusiness ETF by 6.5% during the 1st quarter. Blair William & Co. IL now owns 7,873 shares of the company’s stock valued at $534,000 after purchasing an additional 480 shares in the last quarter.
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.
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