Bank Pictet & Cie Europe AG Makes New $2.54 Million Investment in VanEck Agribusiness ETF $MOO

Bank Pictet & Cie Europe AG acquired a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,150 shares of the company’s stock, valued at approximately $2,538,000. Bank Pictet & Cie Europe AG owned approximately 0.23% of VanEck Agribusiness ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in MOO. Bank of America Corp DE grew its holdings in VanEck Agribusiness ETF by 2.8% during the 1st quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock valued at $18,757,000 after buying an additional 6,004 shares in the last quarter. Retirement Financial Solutions LLC purchased a new stake in shares of VanEck Agribusiness ETF in the first quarter worth about $11,613,000. Royal Bank of Canada lifted its holdings in shares of VanEck Agribusiness ETF by 429.2% in the first quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock worth $7,086,000 after buying an additional 68,010 shares in the last quarter. ABLE Financial Group LLC bought a new position in shares of VanEck Agribusiness ETF in the third quarter valued at approximately $5,680,000. Finally, Keudell Morrison Wealth Management bought a new position in shares of VanEck Agribusiness ETF in the first quarter valued at approximately $5,835,000.

VanEck Agribusiness ETF Stock Up 0.4%

NYSEARCA:MOO traded up $0.28 during mid-day trading on Tuesday, hitting $80.97. 65,039 shares of the stock traded hands, compared to its average volume of 335,425. The business’s 50-day moving average price is $83.84 and its 200 day moving average price is $82.25. The company has a market cap of $1.10 billion, a PE ratio of 19.69 and a beta of 0.72. VanEck Agribusiness ETF has a 12-month low of $69.32 and a 12-month high of $89.30.

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.