Fiduciary Alliance LLC Makes New Investment in VanEck Agribusiness ETF $MOO

Fiduciary Alliance LLC purchased a new stake in VanEck Agribusiness ETF (NYSEARCA:MOO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,464 shares of the company’s stock, valued at approximately $2,970,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MOO. Keudell Morrison Wealth Management purchased a new position in shares of VanEck Agribusiness ETF during the 1st quarter worth about $5,835,000. Brookstone Capital Management boosted its position in shares of VanEck Agribusiness ETF by 7.8% in the first 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 last quarter. Rockefeller Capital Management L.P. grew its holdings in VanEck Agribusiness ETF by 8.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,299 shares of the company’s stock valued at $240,000 after purchasing an additional 258 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in VanEck Agribusiness ETF in the fourth quarter valued at approximately $27,000. Finally, Corecam Pte. Ltd. acquired a new position in VanEck Agribusiness ETF during the fourth quarter worth approximately $529,000.

VanEck Agribusiness ETF Stock Up 2.8%

NYSEARCA:MOO opened at $79.29 on Friday. The company has a market cap of $1.10 billion, a P/E ratio of 19.69 and a beta of 0.70. 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 moving average is $80.56 and its two-hundred day moving average is $80.33.

VanEck Agribusiness ETF Company 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.