VanEck Agribusiness ETF (NYSEARCA:MOO) Sets New 12-Month Low – Here’s What Happened

VanEck Agribusiness ETF (NYSEARCA:MOO)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $64.15 and last traded at $64.75, with a volume of 55914 shares traded. The stock had previously closed at $66.92.

VanEck Agribusiness ETF Trading Up 0.2 %

The business’s 50 day moving average price is $70.80 and its two-hundred day moving average price is $71.44. The stock has a market cap of $700.81 million, a P/E ratio of 8.36 and a beta of 0.85.

Institutional Trading of VanEck Agribusiness ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners OCIO LLC bought a new stake in shares of VanEck Agribusiness ETF during the 2nd quarter valued at $22,630,000. Bank of Montreal Can lifted its position in VanEck Agribusiness ETF by 1,013.4% during the 2nd quarter. Bank of Montreal Can now owns 59,722 shares of the company’s stock valued at $4,188,000 after acquiring an additional 54,358 shares during the period. Fortis Advisors LLC bought a new stake in VanEck Agribusiness ETF during the third quarter worth about $3,336,000. IHT Wealth Management LLC purchased a new stake in VanEck Agribusiness ETF in the third quarter worth about $2,214,000. Finally, 1832 Asset Management L.P. increased its stake in shares of VanEck Agribusiness ETF by 5.6% during the second quarter. 1832 Asset Management L.P. now owns 538,396 shares of the company’s stock valued at $37,752,000 after purchasing an additional 28,569 shares in 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.