Keudell Morrison Wealth Management Acquires New Stake in VanEck Agribusiness ETF $MOO

Keudell Morrison Wealth Management bought a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 69,054 shares of the company’s stock, valued at approximately $5,835,000. VanEck Agribusiness ETF makes up 1.2% of Keudell Morrison Wealth Management’s holdings, making the stock its 18th biggest position.

A number of other institutional investors have also added to or reduced their stakes in MOO. IFP Advisors Inc purchased a new stake in shares of VanEck Agribusiness ETF in the 3rd quarter valued at about $25,000. Arax Advisory Partners purchased a new position in shares of VanEck Agribusiness ETF during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of VanEck Agribusiness ETF in the fourth quarter worth approximately $27,000. EFG International AG bought a new position in shares of VanEck Agribusiness ETF in the fourth quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in VanEck Agribusiness ETF in the second quarter valued at approximately $35,000.

VanEck Agribusiness ETF Price Performance

Shares of MOO opened at $76.54 on Wednesday. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56. The company has a market capitalization of $1.06 billion, a P/E ratio of 19.69 and a beta of 0.70. The firm’s 50 day simple moving average is $80.83 and its 200 day simple moving average is $80.27.

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.