Welch & Forbes LLC Lowers Position in VanEck Agribusiness ETF (NYSEARCA:MOO)

Welch & Forbes LLC cut its stake in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,650 shares of the company’s stock after selling 317 shares during the quarter. Welch & Forbes LLC’s holdings in VanEck Agribusiness ETF were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MOO. Anchor Investment Management LLC purchased a new position in shares of VanEck Agribusiness ETF during the fourth quarter worth approximately $137,000. MONECO Advisors LLC purchased a new position in VanEck Agribusiness ETF in the 3rd quarter worth $208,000. Gould Asset Management LLC CA lifted its stake in VanEck Agribusiness ETF by 6.5% in the fourth quarter. Gould Asset Management LLC CA now owns 3,012 shares of the company’s stock worth $229,000 after purchasing an additional 185 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in VanEck Agribusiness ETF by 5.9% during the third quarter. Stratos Wealth Partners LTD. now owns 2,964 shares of the company’s stock valued at $233,000 after buying an additional 166 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in shares of VanEck Agribusiness ETF by 20.3% in the third quarter. Glenmede Trust Co. NA now owns 3,493 shares of the company’s stock worth $275,000 after buying an additional 590 shares during the period.

VanEck Agribusiness ETF Stock Performance

MOO stock traded down $0.13 during trading on Wednesday, hitting $73.61. 9,979 shares of the company traded hands, compared to its average volume of 66,485. VanEck Agribusiness ETF has a 1 year low of $69.93 and a 1 year high of $88.00. The company has a 50-day moving average of $73.07 and a 200-day moving average of $73.32. The firm has a market capitalization of $794.99 million, a PE ratio of 8.36 and a beta of 0.85.

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.