Mandatum Life Insurance Co Ltd Buys 9,000 Shares of VanEck Agribusiness ETF $MOO

Mandatum Life Insurance Co Ltd raised its stake in VanEck Agribusiness ETF (NYSEARCA:MOO) by 22.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 48,588 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. VanEck Agribusiness ETF makes up 0.9% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 28th biggest position. Mandatum Life Insurance Co Ltd’s holdings in VanEck Agribusiness ETF were worth $3,569,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in VanEck Agribusiness ETF in the 2nd quarter valued at about $53,000. Blair William & Co. IL boosted its holdings in VanEck Agribusiness ETF by 3.8% in the second quarter. Blair William & Co. IL now owns 8,173 shares of the company’s stock worth $602,000 after acquiring an additional 300 shares in the last quarter. CWM LLC grew its stake in VanEck Agribusiness ETF by 40.4% in the second quarter. CWM LLC now owns 1,574 shares of the company’s stock valued at $116,000 after acquiring an additional 453 shares during the period. Private Trust Co. NA bought a new stake in shares of VanEck Agribusiness ETF during the second quarter valued at approximately $114,000. Finally, Primoris Wealth Advisors LLC bought a new stake in shares of VanEck Agribusiness ETF during the second quarter valued at approximately $3,915,000.

VanEck Agribusiness ETF Stock Up 1.1%

Shares of MOO opened at $83.97 on Tuesday. The business’s fifty day moving average is $76.06 and its 200 day moving average is $74.16. VanEck Agribusiness ETF has a 12-month low of $59.58 and a 12-month high of $84.01. The stock has a market cap of $873.29 million, a P/E ratio of 19.69 and a beta of 0.88.

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.