Strategic Wealth Investment Group LLC Trims Stake in VanEck Agribusiness ETF $MOO

Strategic Wealth Investment Group LLC lowered its stake in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 39.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,468 shares of the company’s stock after selling 13,894 shares during the quarter. Strategic Wealth Investment Group LLC owned about 0.21% of VanEck Agribusiness ETF worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mandatum Life Insurance Co Ltd increased its position in shares of VanEck Agribusiness ETF by 24.2% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 60,352 shares of the company’s stock valued at $4,393,000 after buying an additional 11,764 shares during the period. Vise Technologies Inc. purchased a new position in shares of VanEck Agribusiness ETF during the fourth quarter valued at about $379,000. Daiwa Securities Group Inc. increased its position in shares of VanEck Agribusiness ETF by 6.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 34,650 shares of the company’s stock valued at $2,522,000 after buying an additional 2,200 shares during the period. Private Wealth Advisors LLC increased its position in shares of VanEck Agribusiness ETF by 188.8% during the fourth quarter. Private Wealth Advisors LLC now owns 8,181 shares of the company’s stock valued at $595,000 after buying an additional 5,348 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of VanEck Agribusiness ETF during the fourth quarter valued at about $581,000.

VanEck Agribusiness ETF Price Performance

NYSEARCA:MOO opened at $78.60 on Friday. VanEck Agribusiness ETF has a one year low of $69.32 and a one year high of $86.56. The company’s 50-day simple moving average is $82.52 and its 200 day simple moving average is $79.74. The firm has a market capitalization of $1.09 billion, a P/E 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.