VanEck Agribusiness ETF (NYSEARCA:MOO) Reaches New 1-Year Low – What’s Next?

VanEck Agribusiness ETF (NYSEARCA:MOO)’s share price reached a new 52-week low on Friday . The stock traded as low as $62.89 and last traded at $62.67, with a volume of 25976 shares traded. The stock had previously closed at $66.38.

VanEck Agribusiness ETF Stock Down 6.1 %

The firm’s 50-day simple moving average is $68.10 and its 200-day simple moving average is $69.55. The firm has a market capitalization of $520.29 million, a PE ratio of 18.95 and a beta of 0.89.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Several institutional investors have recently bought and sold shares of the stock. O ROURKE & COMPANY Inc increased its stake in VanEck Agribusiness ETF by 2.2% in the 4th quarter. O ROURKE & COMPANY Inc now owns 8,736 shares of the company’s stock worth $564,000 after purchasing an additional 192 shares during the period. NBT Bank N A NY grew its holdings in shares of VanEck Agribusiness ETF by 1.0% in the fourth quarter. NBT Bank N A NY now owns 21,594 shares of the company’s stock worth $1,393,000 after purchasing an additional 204 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of VanEck Agribusiness ETF by 3.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 9,426 shares of the company’s stock worth $608,000 after buying an additional 310 shares during the period. Anchor Investment Management LLC raised its holdings in VanEck Agribusiness ETF by 24.5% during the 4th quarter. Anchor Investment Management LLC now owns 2,544 shares of the company’s stock valued at $164,000 after buying an additional 500 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in VanEck Agribusiness ETF by 35.7% during the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $123,000 after buying an additional 500 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.