Mechanics Bank Trust Department Cuts Holdings in VanEck Agribusiness ETF (NYSEARCA:MOO)

Mechanics Bank Trust Department reduced its position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,130 shares of the company’s stock after selling 973 shares during the quarter. Mechanics Bank Trust Department’s holdings in VanEck Agribusiness ETF were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its holdings in VanEck Agribusiness ETF by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,376 shares of the company’s stock valued at $377,000 after purchasing an additional 386 shares during the period. 1832 Asset Management L.P. grew its stake in VanEck Agribusiness ETF by 5.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 538,396 shares of the company’s stock valued at $37,752,000 after acquiring an additional 28,569 shares during the period. Gabelli Funds LLC purchased a new stake in VanEck Agribusiness ETF in the 2nd quarter worth $1,635,000. Bank of Montreal Can raised its position in VanEck Agribusiness ETF by 1,013.4% during the second quarter. Bank of Montreal Can now owns 59,722 shares of the company’s stock worth $4,188,000 after acquiring an additional 54,358 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in VanEck Agribusiness ETF during the second quarter valued at $327,000.

VanEck Agribusiness ETF Stock Up 0.7 %

MOO stock opened at $67.64 on Tuesday. The stock has a market capitalization of $730.51 million, a P/E 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 simple moving average of $68.27 and a 200-day simple moving average of $70.80.

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.