VanEck Agribusiness ETF (NYSEARCA:MOO) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

VanEck Agribusiness ETF (NYSEARCA:MOO) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $80.13 and traded as high as $81.95. VanEck Agribusiness ETF shares last traded at $80.98, with a volume of 218,646 shares traded.

VanEck Agribusiness ETF Price Performance

The company has a market capitalization of $970.58 million, a PE ratio of 19.69 and a beta of 0.70. The company’s fifty day moving average is $80.18 and its 200-day moving average is $81.89.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MOO. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in VanEck Agribusiness ETF by 5.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,190 shares of the company’s stock valued at $411,000 after purchasing an additional 251 shares in the last quarter. Parallel Advisors LLC grew its stake in VanEck Agribusiness ETF by 67.2% in the first quarter. Parallel Advisors LLC now owns 560 shares of the company’s stock valued at $47,000 after purchasing an additional 225 shares during the last quarter. NewEdge Advisors LLC raised its holdings in VanEck Agribusiness ETF by 1,925.5% in the first quarter. NewEdge Advisors LLC now owns 4,375 shares of the company’s stock worth $370,000 after purchasing an additional 4,159 shares in the last quarter. Western Wealth Management LLC bought a new position in VanEck Agribusiness ETF in the first quarter worth about $64,000. Finally, Bank of America Corp DE lifted its position in shares of VanEck Agribusiness ETF by 2.8% during the first quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock valued at $18,757,000 after buying an additional 6,004 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. 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.