VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Unusually-High Trading Volume – Should You Buy?

VanEck Agribusiness ETF (NYSEARCA:MOO) shares saw an uptick in trading volume on Wednesday . 89,310 shares traded hands during mid-day trading, an increase of 79% from the previous session’s volume of 50,015 shares.The stock last traded at $66.85 and had previously closed at $66.26.

VanEck Agribusiness ETF Stock Up 1.3 %

The firm has a market capitalization of $724.57 million, a price-to-earnings ratio of 8.36 and a beta of 0.85. The stock has a 50 day moving average of $68.60 and a 200 day moving average of $70.86.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Several large investors have recently added to or reduced their stakes in MOO. Wealthcare Advisory Partners LLC raised its holdings in shares of VanEck Agribusiness ETF by 6.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,636 shares of the company’s stock worth $1,202,000 after purchasing an additional 1,185 shares during the period. Fortis Advisors LLC raised its stake in VanEck Agribusiness ETF by 3.6% during the fourth quarter. Fortis Advisors LLC now owns 45,776 shares of the company’s stock worth $2,953,000 after acquiring an additional 1,598 shares during the period. Brookstone Capital Management lifted its holdings in VanEck Agribusiness ETF by 14.6% in the fourth quarter. Brookstone Capital Management now owns 5,074 shares of the company’s stock worth $327,000 after acquiring an additional 646 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of VanEck Agribusiness ETF by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 33,724 shares of the company’s stock valued at $2,546,000 after purchasing an additional 2,413 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new position in shares of VanEck Agribusiness ETF during the third quarter valued at approximately $323,000.

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.