VanEck Agribusiness ETF (NYSEARCA:MOO) Share Price Crosses Above 50-Day Moving Average – What’s Next?

VanEck Agribusiness ETF (NYSEARCA:MOO)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $75.27 and traded as high as $81.68. VanEck Agribusiness ETF shares last traded at $81.53, with a volume of 268,281 shares trading hands.

VanEck Agribusiness ETF Price Performance

The stock has a fifty day moving average price of $75.27 and a two-hundred day moving average price of $73.93. The company has a market cap of $774.54 million, a P/E ratio of 19.69 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its holdings in shares of VanEck Agribusiness ETF by 20.9% during the second quarter. Westside Investment Management Inc. now owns 866 shares of the company’s stock valued at $64,000 after purchasing an additional 150 shares during the period. MAI Capital Management lifted its holdings in VanEck Agribusiness ETF by 2.0% in the second quarter. MAI Capital Management now owns 7,833 shares of the company’s stock worth $577,000 after purchasing an additional 150 shares during the period. Gould Asset Management LLC CA grew its position in VanEck Agribusiness ETF by 4.9% in the 3rd quarter. Gould Asset Management LLC CA now owns 3,437 shares of the company’s stock valued at $252,000 after buying an additional 160 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in VanEck Agribusiness ETF by 55.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 495 shares of the company’s stock valued at $36,000 after buying an additional 176 shares during the period. Finally, Comprehensive Money Management Services LLC increased its stake in VanEck Agribusiness ETF by 1.1% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 17,980 shares of the company’s stock valued at $1,324,000 after buying an additional 194 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. 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.