Royal Bank of Canada Grows Holdings in VanEck Agribusiness ETF $MOO

Royal Bank of Canada lifted its position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 429.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,855 shares of the company’s stock after buying an additional 68,010 shares during the quarter. Royal Bank of Canada owned approximately 0.60% of VanEck Agribusiness ETF worth $7,086,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gould Asset Management LLC CA lifted its stake in shares of VanEck Agribusiness ETF by 6.5% during the first quarter. Gould Asset Management LLC CA now owns 3,662 shares of the company’s stock valued at $309,000 after buying an additional 225 shares during the period. Parallel Advisors LLC raised its holdings in VanEck Agribusiness ETF by 67.2% in the 1st quarter. Parallel Advisors LLC now owns 560 shares of the company’s stock valued at $47,000 after acquiring an additional 225 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in VanEck Agribusiness ETF by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,398 shares of the company’s stock valued at $2,974,000 after acquiring an additional 228 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in VanEck Agribusiness ETF by 2.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 9,679 shares of the company’s stock valued at $705,000 after acquiring an additional 233 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of VanEck Agribusiness ETF by 3.7% during the 1st quarter. Private Advisor Group LLC now owns 6,808 shares of the company’s stock worth $575,000 after purchasing an additional 246 shares during the period.

VanEck Agribusiness ETF Stock Up 0.1%

MOO stock opened at $81.62 on Wednesday. VanEck Agribusiness ETF has a 52-week low of $69.32 and a 52-week high of $86.56. The stock’s fifty day simple moving average is $80.32 and its 200-day simple moving average is $82.00. The stock has a market capitalization of $975.36 million, a price-to-earnings ratio of 19.69 and a beta of 0.70.

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.