Cetera Investment Advisers Decreases Holdings in VanEck Agribusiness ETF $MOO

Cetera Investment Advisers decreased its holdings in VanEck Agribusiness ETF (NYSEARCA:MOO) by 44.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,548 shares of the company’s stock after selling 39,988 shares during the quarter. Cetera Investment Advisers’ holdings in VanEck Agribusiness ETF were worth $4,187,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of VanEck Agribusiness ETF by 18.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,741 shares of the company’s stock valued at $864,000 after purchasing an additional 1,795 shares during the last quarter. Baird Financial Group Inc. boosted its stake in VanEck Agribusiness ETF by 38.8% in the 2nd quarter. Baird Financial Group Inc. now owns 31,279 shares of the company’s stock worth $2,303,000 after purchasing an additional 8,745 shares in the last quarter. Cerity Partners LLC purchased a new stake in VanEck Agribusiness ETF during the 2nd quarter worth approximately $345,000. Raymond James Financial Inc. grew its position in VanEck Agribusiness ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 31,336 shares of the company’s stock worth $2,307,000 after purchasing an additional 506 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in VanEck Agribusiness ETF by 745.5% during the 2nd quarter. Jane Street Group LLC now owns 39,357 shares of the company’s stock valued at $2,897,000 after purchasing an additional 34,702 shares in the last quarter.

VanEck Agribusiness ETF Price Performance

Shares of MOO opened at $81.69 on Wednesday. The firm has a market capitalization of $976.20 million, a PE ratio of 19.69 and a beta of 0.70. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56. The company’s fifty day moving average price is $80.16 and its 200-day moving average price is $81.87.

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.