VanEck Agribusiness ETF (NYSEARCA:MOO) Reaches New 52-Week Low – Here’s What Happened

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

VanEck Agribusiness ETF Price Performance

The firm’s fifty day moving average price is $68.10 and its two-hundred day moving average price is $69.55. The stock has a market cap of $520.29 million, a P/E ratio of 18.95 and a beta of 0.89.

Institutional Trading of VanEck Agribusiness ETF

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