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

Fortis Advisors LLC lessened its stake in VanEck Agribusiness ETF (NYSEARCA:MOO) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 comprises 1.4% of Fortis Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Fortis Advisors LLC owned 0.35% of VanEck Agribusiness ETF worth $2,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOO. JPMorgan Chase & Co. raised its stake in VanEck Agribusiness ETF by 18.0% in the second 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 in the last quarter. Baird Financial Group Inc. raised its stake in VanEck Agribusiness ETF by 38.8% in the second quarter. Baird Financial Group Inc. now owns 31,279 shares of the company’s stock valued at $2,303,000 after purchasing an additional 8,745 shares in the last quarter. Cerity Partners LLC acquired a new position in VanEck Agribusiness ETF in the second quarter valued at about $345,000. Raymond James Financial Inc. raised its stake in VanEck Agribusiness ETF by 1.6% in the second quarter. Raymond James Financial Inc. now owns 31,336 shares of the company’s stock valued at $2,307,000 after purchasing an additional 506 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in VanEck Agribusiness ETF by 745.5% in the second 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 Stock Down 1.0%

MOO stock opened at $79.46 on Friday. The company has a market cap of $1.10 billion, a PE ratio of 19.69 and a beta of 0.73. VanEck Agribusiness ETF has a 52 week low of $69.32 and a 52 week high of $86.56. The business has a 50-day simple moving average of $82.73 and a 200 day simple moving average of $79.48.

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.