Fifth Third Bancorp Makes New Investment in VanEck Agribusiness ETF $MOO

Fifth Third Bancorp purchased a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,057 shares of the company’s stock, valued at approximately $1,357,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc acquired a new position in VanEck Agribusiness ETF during the third quarter worth $25,000. Arax Advisory Partners acquired a new stake in shares of VanEck Agribusiness ETF in the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of VanEck Agribusiness ETF during the 4th quarter worth about $27,000. EFG International AG bought a new stake in shares of VanEck Agribusiness ETF during the 4th quarter worth about $30,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of VanEck Agribusiness ETF during the 2nd quarter valued at about $35,000.

VanEck Agribusiness ETF Stock Performance

Shares of MOO stock opened at $83.15 on Friday. The stock’s 50 day simple moving average is $79.90 and its 200 day simple moving average is $81.44. VanEck Agribusiness ETF has a twelve month low of $69.32 and a twelve month high of $86.56. The company has a market capitalization of $989.49 million, a price-to-earnings ratio of 19.69 and a beta of 0.71.

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.