Gabelli Funds LLC Takes Position in VanEck Agribusiness ETF (NYSEARCA:MOO)

Gabelli Funds LLC purchased a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 23,321 shares of the company’s stock, valued at approximately $1,635,000.

Several other large investors have also recently added to or reduced their stakes in MOO. 1832 Asset Management L.P. lifted its holdings in VanEck Agribusiness ETF by 16.9% in the fourth quarter. 1832 Asset Management L.P. now owns 509,827 shares of the company’s stock valued at $38,839,000 after acquiring an additional 73,589 shares during the period. D.A. Davidson & CO. lifted its stake in shares of VanEck Agribusiness ETF by 4.1% in the fourth quarter. D.A. Davidson & CO. now owns 7,660 shares of the company’s stock valued at $584,000 after purchasing an additional 300 shares during the period. Brookstone Capital Management boosted its holdings in VanEck Agribusiness ETF by 21.2% during the second quarter. Brookstone Capital Management now owns 4,130 shares of the company’s stock worth $301,000 after buying an additional 722 shares in the last quarter. Rothschild Investment LLC acquired a new position in VanEck Agribusiness ETF during the second quarter worth about $42,000. Finally, MGO Private Wealth LLC increased its holdings in VanEck Agribusiness ETF by 5.1% in the second quarter. MGO Private Wealth LLC now owns 13,601 shares of the company’s stock valued at $954,000 after buying an additional 656 shares in the last quarter.

VanEck Agribusiness ETF Trading Down 1.6 %

MOO stock opened at $73.13 on Thursday. The company has a market cap of $789.80 million, a price-to-earnings ratio of 8.36 and a beta of 0.85. The firm has a 50 day moving average of $71.90 and a 200-day moving average of $72.19. VanEck Agribusiness ETF has a 12-month low of $67.57 and a 12-month high of $79.61.

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.