ABLE Financial Group LLC Buys New Shares in VanEck Agribusiness ETF $MOO

ABLE Financial Group LLC bought a new stake in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 69,723 shares of the company’s stock, valued at approximately $5,680,000. ABLE Financial Group LLC owned about 0.51% of VanEck Agribusiness ETF at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MOO. Financial Enhancement Group LLC bought a new stake in shares of VanEck Agribusiness ETF in the 3rd quarter worth approximately $2,331,000. Farther Finance Advisors LLC raised its stake in VanEck Agribusiness ETF by 3.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,060 shares of the company’s stock valued at $412,000 after acquiring an additional 156 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in VanEck Agribusiness ETF by 26.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,004 shares of the company’s stock valued at $950,000 after acquiring an additional 2,496 shares during the period. Cherry Tree Wealth Management LLC purchased a new stake in VanEck Agribusiness ETF during the second quarter valued at about $151,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in VanEck Agribusiness ETF during the second quarter valued at about $514,000.

VanEck Agribusiness ETF Price Performance

NYSEARCA:MOO traded up $0.08 on Wednesday, reaching $82.05. 81,785 shares of the company’s stock were exchanged, compared to its average volume of 337,495. VanEck Agribusiness ETF has a 52 week low of $69.32 and a 52 week high of $89.30. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 19.69 and a beta of 0.72. The stock has a fifty day simple moving average of $83.81 and a 200-day simple moving average of $82.30.

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.