M Financial Asset Management Inc. Sells 1,483 Shares of VanEck Agribusiness ETF (NYSEARCA:MOO)

M Financial Asset Management Inc. lowered its stake in VanEck Agribusiness ETF (NYSEARCA:MOO) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,282 shares of the company’s stock after selling 1,483 shares during the quarter. VanEck Agribusiness ETF makes up approximately 0.7% of M Financial Asset Management Inc.’s investment portfolio, making the stock its 9th largest position. M Financial Asset Management Inc.’s holdings in VanEck Agribusiness ETF were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. US Bancorp DE increased its position in VanEck Agribusiness ETF by 1.5% during the 3rd quarter. US Bancorp DE now owns 24,469 shares of the company’s stock valued at $1,848,000 after purchasing an additional 356 shares during the period. Sanctuary Advisors LLC increased its position in VanEck Agribusiness ETF by 8.0% during the 4th quarter. Sanctuary Advisors LLC now owns 7,768 shares of the company’s stock valued at $545,000 after purchasing an additional 578 shares during the period. Coastline Trust Co acquired a new stake in VanEck Agribusiness ETF during the 3rd quarter valued at approximately $45,000. Captrust Financial Advisors grew its position in shares of VanEck Agribusiness ETF by 18.4% during the 3rd quarter. Captrust Financial Advisors now owns 4,059 shares of the company’s stock worth $306,000 after buying an additional 632 shares during the period. Finally, Brookstone Capital Management grew its position in shares of VanEck Agribusiness ETF by 14.6% during the 4th quarter. Brookstone Capital Management now owns 5,074 shares of the company’s stock worth $327,000 after buying an additional 646 shares during the period.

VanEck Agribusiness ETF Price Performance

Shares of MOO stock opened at $68.33 on Friday. The company has a market cap of $737.96 million, a price-to-earnings ratio of 8.36 and a beta of 0.85. VanEck Agribusiness ETF has a 52 week low of $63.91 and a 52 week high of $76.19. The firm has a 50 day moving average of $67.04 and a 200-day moving average of $70.36.

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.