VanEck Agribusiness ETF (NYSEARCA:MOO) Hits New 1-Year Low at $69.34

VanEck Agribusiness ETF (NYSEARCA:MOO) reached a new 52-week low on Monday . The stock traded as low as $69.34 and last traded at $69.36, with a volume of 46126 shares. The stock had previously closed at $70.12.

VanEck Agribusiness ETF Trading Up 0.5 %

The stock has a market capitalization of $755.89 million, a P/E ratio of 8.36 and a beta of 0.85. The company has a fifty day simple moving average of $72.02 and a two-hundred day simple moving average of $72.79.

Institutional Trading of VanEck Agribusiness ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MOO. Wellington Management Group LLP raised its position in shares of VanEck Agribusiness ETF by 1,600.0% in the fourth quarter. Wellington Management Group LLP now owns 165,989 shares of the company’s stock valued at $12,645,000 after purchasing an additional 156,225 shares during the period. Jane Street Group LLC boosted its holdings in shares of VanEck Agribusiness ETF by 70.2% during the first quarter. Jane Street Group LLC now owns 305,143 shares of the company’s stock worth $22,925,000 after acquiring an additional 125,854 shares during the period. Parkside Investments LLC grew its position in shares of VanEck Agribusiness ETF by 1,640.2% in the first quarter. Parkside Investments LLC now owns 113,115 shares of the company’s stock valued at $8,498,000 after purchasing an additional 106,615 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in VanEck Agribusiness ETF by 16.9% in the 4th quarter. 1832 Asset Management L.P. now owns 509,827 shares of the company’s stock valued at $38,839,000 after buying an additional 73,589 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in VanEck Agribusiness ETF by 1,112.7% during the 1st quarter. Cetera Investment Advisers now owns 52,423 shares of the company’s stock worth $3,939,000 after buying an additional 48,100 shares during the period.

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.