Mandatum Life Insurance Co Ltd Grows Stake in VanEck Agribusiness ETF $MOO

Mandatum Life Insurance Co Ltd boosted its holdings in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,352 shares of the company’s stock after acquiring an additional 11,764 shares during the period. VanEck Agribusiness ETF accounts for approximately 1.0% of Mandatum Life Insurance Co Ltd’s investment portfolio, making the stock its 23rd biggest position. Mandatum Life Insurance Co Ltd owned about 0.58% of VanEck Agribusiness ETF worth $4,393,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in VanEck Agribusiness ETF during the 3rd quarter valued at about $25,000. Geneos Wealth Management Inc. purchased a new stake in VanEck Agribusiness ETF during the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC boosted its holdings in VanEck Agribusiness ETF by 59.1% in the 4th quarter. Farther Finance Advisors LLC now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 300 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in VanEck Agribusiness ETF by 120.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,100 shares of the company’s stock valued at $81,000 after purchasing an additional 600 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC acquired a new position in VanEck Agribusiness ETF in the 2nd quarter valued at about $87,000.

VanEck Agribusiness ETF Price Performance

NYSEARCA:MOO opened at $78.60 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.69 and a beta of 0.70. The company’s 50-day moving average is $82.52 and its two-hundred day moving average is $79.74. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56.

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.