VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Strong Trading Volume – Still a Buy?

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) saw strong trading volume on Tuesday . 212,777 shares changed hands during mid-day trading, an increase of 275% from the previous session’s volume of 56,699 shares.The stock last traded at $73.98 and had previously closed at $74.56.

VanEck Agribusiness ETF Stock Performance

The business’s 50 day moving average price is $72.43 and its 200-day moving average price is $73.38. The firm has a market cap of $607.42 million, a price-to-earnings ratio of 19.69 and a beta of 0.88.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Several institutional investors and hedge funds have recently made changes to their positions in MOO. IFP Advisors Inc bought a new position in VanEck Agribusiness ETF during the third quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of VanEck Agribusiness ETF by 10.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,256 shares of the company’s stock worth $239,000 after buying an additional 301 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of VanEck Agribusiness ETF by 130.4% in the 3rd quarter. Moors & Cabot Inc. now owns 9,099 shares of the company’s stock worth $668,000 after buying an additional 5,150 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of VanEck Agribusiness ETF by 5.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 42,539 shares of the company’s stock valued at $3,118,000 after buying an additional 2,141 shares during the period. Finally, Creative Planning bought a new stake in shares of VanEck Agribusiness ETF during the 3rd quarter valued at about $273,000.

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.