VanEck Agribusiness ETF (NYSEARCA:MOO) Reaches New 1-Year Low – Here’s What Happened

VanEck Agribusiness ETF (NYSEARCA:MOOGet Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $64.15 and last traded at $64.21, with a volume of 6303 shares. The stock had previously closed at $64.92.

VanEck Agribusiness ETF Stock Performance

The company has a market capitalization of $694.33 million, a P/E ratio of 8.36 and a beta of 0.85. The company’s fifty day simple moving average is $70.31 and its 200-day simple moving average is $71.32.

Institutional Trading of VanEck Agribusiness ETF

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in VanEck Agribusiness ETF by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 33,724 shares of the company’s stock worth $2,546,000 after purchasing an additional 2,413 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of VanEck Agribusiness ETF in the 3rd quarter worth approximately $323,000. Sanctuary Advisors LLC raised its stake in shares of VanEck Agribusiness ETF by 58.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,190 shares of the company’s stock worth $514,000 after acquiring an additional 2,638 shares in the last quarter. Stifel Financial Corp lifted its position in VanEck Agribusiness ETF by 39.8% during the third quarter. Stifel Financial Corp now owns 4,157 shares of the company’s stock valued at $314,000 after acquiring an additional 1,184 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in VanEck Agribusiness ETF in the third quarter valued at approximately $2,214,000.

About VanEck Agribusiness ETF

(Get Free Report)

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.

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