VanEck Agribusiness ETF (NYSEARCA:MOO – Get Free Report) shares saw unusually-strong trading volume on Wednesday . 914,629 shares traded hands during trading, an increase of 169% from the previous session’s volume of 340,258 shares.The stock last traded at $87.91 and had previously closed at $87.58.
VanEck Agribusiness ETF Trading Up 0.2%
The firm has a market cap of $1.05 billion, a PE ratio of 19.69 and a beta of 0.71. The firm has a 50 day moving average price of $82.95 and a 200-day moving average price of $82.31.
Institutional Investors Weigh In On VanEck Agribusiness ETF
Institutional investors have recently modified their holdings of the company. IFP Advisors Inc acquired a new position in shares of VanEck Agribusiness ETF during the 3rd quarter worth about $25,000. Arax Advisory Partners acquired a new position in VanEck Agribusiness ETF in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in VanEck Agribusiness ETF in the fourth quarter valued at approximately $27,000. EFG International AG acquired a new stake in VanEck Agribusiness ETF during the fourth quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of VanEck Agribusiness ETF during the 2nd quarter worth approximately $35,000.
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.
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