Fortis Advisors LLC Has $2.63 Million Stake in VanEck Agribusiness ETF $MOO

Fortis Advisors LLC decreased its holdings in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,146 shares of the company’s stock after selling 9,085 shares during the quarter. VanEck Agribusiness ETF accounts for approximately 1.4% of Fortis Advisors LLC’s investment portfolio, making the stock its 20th largest position. Fortis Advisors LLC’s holdings in VanEck Agribusiness ETF were worth $2,631,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in shares of VanEck Agribusiness ETF during the third quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of VanEck Agribusiness ETF during the second quarter worth about $35,000. GPS Wealth Strategies Group LLC grew its holdings in shares of VanEck Agribusiness ETF by 55.2% during the third quarter. GPS Wealth Strategies Group LLC now owns 495 shares of the company’s stock worth $36,000 after purchasing an additional 176 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of VanEck Agribusiness ETF by 59.1% during the fourth quarter. Farther Finance Advisors LLC now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 300 shares during the last quarter. Finally, Picton Mahoney Asset Management grew its holdings in shares of VanEck Agribusiness ETF by 120.0% during the third quarter. Picton Mahoney Asset Management now owns 1,100 shares of the company’s stock worth $81,000 after purchasing an additional 600 shares during the last quarter.

VanEck Agribusiness ETF Trading Down 1.0%

NYSEARCA:MOO opened at $79.46 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 19.69 and a beta of 0.73. The stock’s 50-day moving average is $82.73 and its 200-day moving average is $79.48. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56.

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.