Paragon Private Wealth Management LLC Makes New $1.10 Million Investment in VanEck Agribusiness ETF $MOO

Paragon Private Wealth Management LLC purchased a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,916 shares of the company’s stock, valued at approximately $1,102,000.

Several other hedge funds have also recently bought and sold shares of the company. Retirement Financial Solutions LLC acquired a new stake in VanEck Agribusiness ETF in the 1st quarter valued at approximately $11,613,000. Keudell Morrison Wealth Management purchased a new stake in shares of VanEck Agribusiness ETF during the first quarter valued at $5,835,000. Royal Bank of Canada boosted its holdings in shares of VanEck Agribusiness ETF by 429.2% in the first quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock worth $7,086,000 after buying an additional 68,010 shares during the period. Fiduciary Alliance LLC acquired a new position in VanEck Agribusiness ETF in the 1st quarter worth approximately $2,970,000. Finally, Jane Street Group LLC boosted its position in shares of VanEck Agribusiness ETF by 745.5% in the second quarter. Jane Street Group LLC now owns 39,357 shares of the company’s stock worth $2,897,000 after buying an additional 34,702 shares during the period.

VanEck Agribusiness ETF Price Performance

NYSEARCA:MOO opened at $88.85 on Thursday. The stock’s 50-day moving average is $82.26 and its two-hundred day moving average is $82.23. VanEck Agribusiness ETF has a fifty-two week low of $69.32 and a fifty-two week high of $89.07. The stock has a market cap of $1.06 billion, a PE 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.