Canal Capital Management LLC Makes New Investment in VanEck Agribusiness ETF (NYSEARCA:MOO)

Canal Capital Management LLC acquired a new stake in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,683 shares of the company’s stock, valued at approximately $883,000. Canal Capital Management LLC owned 0.13% of VanEck Agribusiness ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in VanEck Agribusiness ETF in the 4th quarter valued at about $71,000. SBI Securities Co. Ltd. bought a new stake in shares of VanEck Agribusiness ETF during the fourth quarter valued at approximately $111,000. Anchor Investment Management LLC raised its holdings in VanEck Agribusiness ETF by 24.5% during the fourth quarter. Anchor Investment Management LLC now owns 2,544 shares of the company’s stock worth $164,000 after buying an additional 500 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of VanEck Agribusiness ETF by 33.5% in the fourth quarter. CreativeOne Wealth LLC now owns 3,783 shares of the company’s stock valued at $244,000 after buying an additional 950 shares in the last quarter. Finally, Sovran Advisors LLC acquired a new position in shares of VanEck Agribusiness ETF during the fourth quarter valued at about $297,000.

VanEck Agribusiness ETF Price Performance

NYSEARCA:MOO opened at $66.06 on Monday. VanEck Agribusiness ETF has a one year low of $59.58 and a one year high of $76.19. The company has a market cap of $551.60 million, a PE ratio of 18.95 and a beta of 0.89. The firm has a 50-day moving average of $67.02 and a 200-day moving average of $68.67.

About VanEck Agribusiness ETF

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.