VanEck Agribusiness ETF (NYSEARCA:MOO) Stake Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in VanEck Agribusiness ETF (NYSEARCA:MOO) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,198 shares of the company’s stock after selling 5,091 shares during the quarter. Envestnet Asset Management Inc. owned about 0.22% of VanEck Agribusiness ETF worth $1,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in VanEck Agribusiness ETF during the 4th quarter worth about $111,000. Sovran Advisors LLC acquired a new stake in VanEck Agribusiness ETF during the 4th quarter worth about $297,000. Copley Financial Group Inc. acquired a new stake in VanEck Agribusiness ETF during the 3rd quarter worth about $323,000. Brookstone Capital Management raised its holdings 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 buying an additional 646 shares during the period. Finally, Fifth Third Securities Inc. raised its holdings in VanEck Agribusiness ETF by 88.1% during the 4th quarter. Fifth Third Securities Inc. now owns 6,220 shares of the company’s stock worth $401,000 after buying an additional 2,914 shares during the period.

VanEck Agribusiness ETF Trading Up 0.7 %

NYSEARCA MOO opened at $68.48 on Tuesday. The stock’s 50-day moving average price is $66.98 and its two-hundred day moving average price is $68.40. The company has a market cap of $571.81 million, a PE ratio of 17.96 and a beta of 0.89. VanEck Agribusiness ETF has a 1 year low of $59.58 and a 1 year high of $76.19.

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.