Corecam AG Invests $1.75 Million in VanEck Agribusiness ETF $MOO

Corecam AG purchased a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 20,710 shares of the company’s stock, valued at approximately $1,750,000. VanEck Agribusiness ETF accounts for 1.5% of Corecam AG’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC acquired a new position in VanEck Agribusiness ETF in the 1st quarter valued at $2,970,000. Keudell Morrison Wealth Management purchased a new position in VanEck Agribusiness ETF during the 1st quarter worth $5,835,000. Brookstone Capital Management lifted its stake in shares of VanEck Agribusiness ETF by 7.8% in the 1st quarter. Brookstone Capital Management now owns 6,824 shares of the company’s stock worth $577,000 after acquiring an additional 494 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of VanEck Agribusiness ETF by 8.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,299 shares of the company’s stock worth $240,000 after acquiring an additional 258 shares during the period. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at about $27,000.

VanEck Agribusiness ETF Stock Up 2.8%

Shares of NYSEARCA:MOO opened at $79.29 on Friday. VanEck Agribusiness ETF has a fifty-two week low of $69.32 and a fifty-two week high of $86.56. The firm’s 50-day simple moving average is $80.56 and its 200-day simple moving average is $80.33. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 19.69 and a beta of 0.70.

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. DXAG provides exposure to companies worldwide that derive at least 50% of their revenues from agriculture business. Companies eligible for inclusion in DXAG should have market capitalization exceeding $150 million; should have worldwide daily average trading volume of at least $1 million over past six months and in each of the past two months, and should have maintained monthly trading volume of 250,000 shares over past six months.