Blue Trust Inc. Reduces Stake in VanEck Agribusiness ETF

Blue Trust Inc. has reduced its investment in the VanEck Agribusiness ETF (NYSEARCA:MOO – Free Report) by an impressive 75.2% during the fourth quarter, according to reports from Holdings Channel.com. Following this reduction, the company now holds 449 shares, having sold 1,365 shares during the quarter. As per its latest filing with the Securities and Exchange Commission (SEC), Blue Trust Inc.'s assets in the VanEck Agribusiness ETF are valued at $29,000.

In addition to Blue Trust, several other hedge funds have also altered their positions regarding the VanEck Agribusiness ETF recently. For instance, Coastline Trust Co purchased a new stake in the ETF in the third quarter, amounting to approximately $45,000. Similarly, Truvestments Capital LLC acquired a position worth $53,000 during the same period. Wealth Enhancement Advisory Services LLC made a larger move, taking a new stake valued at $205,000, while CreativeOne Wealth LLC invested around $214,000. Lastly, Sovran Advisors LLC bought a significant stake in the ETF valued at about $297,000 in the fourth quarter.

Performance of VanEck Agribusiness ETF

As of Friday, the share price of the VanEck Agribusiness ETF opened at $68.05. Over the last year, the ETF has reached a low of $63.91 and a high of $76.19. Its 50-day simple moving average stands at $67.01, while the 200-day average is at $70.35. The ETF boasts a market capitalization of $571.62 million, with a price-to-earnings ratio of 17.87 and a beta of 0.93, suggesting it is slightly less volatile than the broader market.

Overview of VanEck Agribusiness ETF

The VanEck Agribusiness ETF aims to closely track the price and yield performance of the DAXglobal Agribusiness Index (DXAG). This index is modified, market capitalization-weighted and comprises publicly traded companies that focus on the agriculture sector, all of which are listed on various global exchanges.

Additional Insights

Investors looking for similar opportunities in the agricultural sector may find other stocks that outperform the VanEck Agribusiness ETF interesting. Understanding the S&P 500 and its distinction from other indexes can also provide valuable insight into market performance. Furthermore, with increased volatility in the market, having a few resilient stocks can offer necessary cushioning for investment portfolios. Analyzing retail stock investments is important for long-term financial strategies, and recognizing catalysts that could enhance stock performance, such as advancements in technology or shifts in consumer behavior, is vital.

For those interested in monitoring investments in the VanEck Agribusiness ETF, check for the latest holdings and insider trading activities from reliable financial reporting sources.

ETF, Agribusiness, Investments