VanEck Agribusiness ETF (NYSEARCA:MOO) Reaches New 1-Year Low at $79.89

VanEck Agribusiness ETF (NYSEARCA:MOO – Get Rating) hit a new 52-week low on Wednesday . The stock traded as low as $79.89 and last traded at $79.89, with a volume of 11876 shares. The stock had previously closed at $81.11.

VanEck Agribusiness ETF Stock Down 0.5 %

The company has a fifty day moving average of $84.46 and a two-hundred day moving average of $87.57. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.53 and a beta of 0.93.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Hedge funds have recently modified their holdings of the stock. Simplex Trading LLC acquired a new stake in shares of VanEck Agribusiness ETF during the fourth quarter worth $25,000. First Horizon Advisors Inc. lifted its holdings in VanEck Agribusiness ETF by 115.3% in the fourth quarter. First Horizon Advisors Inc. now owns 323 shares of the company’s stock valued at $28,000 after acquiring an additional 173 shares during the period. Capital Directions Investment Advisors LLC acquired a new stake in VanEck Agribusiness ETF in the fourth quarter valued at $30,000. Patriot Investment Management Group Inc. acquired a new stake in VanEck Agribusiness ETF in the fourth quarter valued at $30,000. Finally, Advisors Preferred LLC acquired a new stake in VanEck Agribusiness ETF in the first quarter valued at $37,000.

About VanEck Agribusiness ETF

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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.