VanEck Agribusiness ETF (NYSEARCA:MOO) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

VanEck Agribusiness ETF (NYSEARCA:MOO) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $77.51 and traded as high as $85.43. VanEck Agribusiness ETF shares last traded at $85.34, with a volume of 275,154 shares trading hands.

VanEck Agribusiness ETF Stock Performance

The firm has a market capitalization of $887.54 million, a PE ratio of 19.69 and a beta of 0.88. The business’s fifty day simple moving average is $77.51 and its 200-day simple moving average is $74.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MOO. IFP Advisors Inc purchased a new stake in shares of VanEck Agribusiness ETF in the third quarter worth about $25,000. Arax Advisory Partners bought a new stake in VanEck Agribusiness ETF in the 4th quarter worth approximately $25,000. EFG International AG purchased a new stake in shares of VanEck Agribusiness ETF during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. bought a new position in shares of VanEck Agribusiness ETF during the 2nd quarter valued at approximately $35,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of 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 acquiring an additional 176 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.