VanEck Agribusiness ETF (NYSEARCA:MOO) Hits New 12-Month Low – Time to Sell?

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) reached a new 52-week low during trading on Wednesday . The company traded as low as $67.37 and last traded at $67.41, with a volume of 55549 shares traded. The stock had previously closed at $68.90.

VanEck Agribusiness ETF Stock Performance

The firm has a market cap of $722.74 million, a P/E ratio of 8.36 and a beta of 0.85. The firm’s fifty day moving average is $71.27 and its 200 day moving average is $71.59.

Hedge Funds Weigh In On VanEck Agribusiness ETF

A number of hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in VanEck Agribusiness ETF during the second quarter worth approximately $42,000. Coastline Trust Co bought a new position in shares of VanEck Agribusiness ETF in the third quarter worth $45,000. Truvestments Capital LLC acquired a new position in VanEck Agribusiness ETF in the third quarter valued at about $53,000. Wealth Enhancement Advisory Services LLC bought a new stake in VanEck Agribusiness ETF during the third quarter worth about $205,000. Finally, CreativeOne Wealth LLC acquired a new stake in VanEck Agribusiness ETF during the third quarter worth about $214,000.

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.