Keudell Morrison Wealth Management Invests $5.83 Million in VanEck Agribusiness ETF $MOO

Keudell Morrison Wealth Management purchased a new stake in VanEck Agribusiness ETF (NYSEARCA:MOO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 69,054 shares of the company’s stock, valued at approximately $5,835,000. VanEck Agribusiness ETF makes up 1.2% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 18th biggest holding. Keudell Morrison Wealth Management owned about 0.47% of VanEck Agribusiness ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOO. UBS Group AG boosted its stake in VanEck Agribusiness ETF by 9.0% in the 3rd quarter. UBS Group AG now owns 175,120 shares of the company’s stock worth $12,863,000 after purchasing an additional 14,490 shares during the period. Cetera Investment Advisers increased its position in shares of VanEck Agribusiness ETF by 1.9% during the fourth quarter. Cetera Investment Advisers now owns 89,536 shares of the company’s stock valued at $6,517,000 after buying an additional 1,650 shares during the period. Krilogy Financial LLC bought a new stake in shares of VanEck Agribusiness ETF during the fourth quarter valued at about $6,724,000. M&T Bank Corp lifted its holdings in shares of VanEck Agribusiness ETF by 648.5% in the fourth quarter. M&T Bank Corp now owns 77,330 shares of the company’s stock worth $5,629,000 after buying an additional 66,998 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd lifted its holdings in shares of VanEck Agribusiness ETF by 24.2% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 60,352 shares of the company’s stock worth $4,393,000 after buying an additional 11,764 shares in the last quarter.

VanEck Agribusiness ETF Trading Down 0.5%

Shares of NYSEARCA:MOO opened at $76.54 on Wednesday. The company has a 50 day moving average of $80.83 and a 200 day moving average of $80.27. The stock has a market cap of $1.06 billion, a P/E ratio of 19.69 and a beta of 0.70. VanEck Agribusiness ETF has a 12 month low of $69.32 and a 12 month 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.