VanEck Agribusiness ETF (NYSEARCA:MOO) Shares Pass Above Fifty Day Moving Average – Time to Sell?

VanEck Agribusiness ETF (NYSEARCA:MOO) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $80.15 and traded as high as $82.81. VanEck Agribusiness ETF shares last traded at $81.78, with a volume of 426,136 shares traded.

VanEck Agribusiness ETF Price Performance

The firm has a 50-day moving average of $80.15 and a 200-day moving average of $75.60. The stock has a market cap of $850.51 million, a PE ratio of 19.69 and a beta of 0.88.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Hedge funds have recently modified their holdings of the stock. UBS Group AG grew its stake in VanEck Agribusiness ETF by 9.0% during the third quarter. UBS Group AG now owns 175,120 shares of the company’s stock valued at $12,863,000 after acquiring an additional 14,490 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of VanEck Agribusiness ETF by 1.9% during the 4th quarter. Cetera Investment Advisers now owns 89,536 shares of the company’s stock valued at $6,517,000 after purchasing an additional 1,650 shares during the last quarter. Krilogy Financial LLC purchased a new position in shares of VanEck Agribusiness ETF during the fourth quarter valued at about $6,724,000. M&T Bank Corp grew its position in shares of VanEck Agribusiness ETF by 648.5% during the fourth quarter. M&T Bank Corp now owns 77,330 shares of the company’s stock valued at $5,629,000 after purchasing an additional 66,998 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd increased its holdings in shares of VanEck Agribusiness ETF by 24.2% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 60,352 shares of the company’s stock worth $4,393,000 after purchasing an additional 11,764 shares during the last quarter.

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.