Bank Pictet & Cie Europe AG Makes New $2.54 Million Investment in VanEck Agribusiness ETF $MOO

Bank Pictet & Cie Europe AG acquired a new stake in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 31,150 shares of the company’s stock, valued at approximately $2,538,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Retirement Financial Solutions LLC purchased a new position in VanEck Agribusiness ETF during the first quarter worth about $11,613,000. ABLE Financial Group LLC purchased a new stake in shares of VanEck Agribusiness ETF in the 3rd quarter valued at about $5,680,000. Keudell Morrison Wealth Management purchased a new stake in shares of VanEck Agribusiness ETF in the 1st quarter valued at about $5,835,000. Royal Bank of Canada boosted its position in shares of VanEck Agribusiness ETF by 429.2% during the 1st quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock valued at $7,086,000 after acquiring an additional 68,010 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in shares of VanEck Agribusiness ETF during the 3rd quarter valued at about $4,863,000.

VanEck Agribusiness ETF Trading Up 0.4%

Shares of MOO traded up $0.28 during trading hours on Tuesday, reaching $80.97. 65,039 shares of the company’s stock traded hands, compared to its average volume of 335,425. VanEck Agribusiness ETF has a 12 month low of $69.32 and a 12 month high of $89.30. The stock has a market cap of $1.10 billion, a PE ratio of 19.69 and a beta of 0.72. The firm’s 50 day simple moving average is $83.84 and its 200-day simple moving average is $82.25.

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. 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.