Van ECK Associates Corp Boosts Stock Position in VanEck Agribusiness ETF (NYSEARCA:MOO)

Van ECK Associates Corp raised its stake in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 174.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,714 shares of the company’s stock after acquiring an additional 19,541 shares during the period. Van ECK Associates Corp owned approximately 0.28% of VanEck Agribusiness ETF worth $1,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in VanEck Agribusiness ETF by 39.8% during the 3rd quarter. Stifel Financial Corp now owns 4,157 shares of the company’s stock worth $314,000 after purchasing an additional 1,184 shares during the period. Brookstone Capital Management increased its position in VanEck Agribusiness ETF by 14.6% during the 4th quarter. Brookstone Capital Management now owns 5,074 shares of the company’s stock worth $327,000 after purchasing an additional 646 shares during the period. Transform Wealth LLC increased its position in VanEck Agribusiness ETF by 189.3% during the 4th quarter. Transform Wealth LLC now owns 43,525 shares of the company’s stock worth $2,808,000 after purchasing an additional 28,480 shares during the period. JPMorgan Chase & Co. increased its position in VanEck Agribusiness ETF by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,724 shares of the company’s stock worth $2,546,000 after purchasing an additional 2,413 shares during the period. Finally, Captrust Financial Advisors increased its position in VanEck Agribusiness ETF by 18.4% during the 3rd quarter. Captrust Financial Advisors now owns 4,059 shares of the company’s stock worth $306,000 after purchasing an additional 632 shares during the period.

VanEck Agribusiness ETF Stock Performance

NYSEARCA MOO opened at $68.33 on Friday. The business’s 50 day moving average is $67.04 and its two-hundred day moving average is $70.36. VanEck Agribusiness ETF has a 12-month low of $63.91 and a 12-month high of $76.19. The stock has a market capitalization of $737.96 million, a price-to-earnings ratio of 8.36 and a beta of 0.85.

VanEck Agribusiness ETF 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.