Meridian Wealth Management LLC Makes New $439,000 Investment in VanEck Agribusiness ETF (NYSEARCA:MOO)

Meridian Wealth Management LLC purchased a new position in shares of VanEck Agribusiness ETF (NYSEARCA:MOO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,800 shares of the company’s stock, valued at approximately $439,000. Meridian Wealth Management LLC owned approximately 0.06% of VanEck Agribusiness ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortis Advisors LLC raised its position in VanEck Agribusiness ETF by 3.6% during the fourth quarter. Fortis Advisors LLC now owns 45,776 shares of the company’s stock worth $2,953,000 after acquiring an additional 1,598 shares in the last quarter. Transform Wealth LLC raised its position in VanEck Agribusiness ETF by 189.3% during the fourth quarter. Transform Wealth LLC now owns 43,525 shares of the company’s stock worth $2,808,000 after acquiring an additional 28,480 shares in the last quarter. JPMorgan Chase & Co. raised its position in VanEck Agribusiness ETF by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 33,724 shares of the company’s stock worth $2,546,000 after acquiring an additional 2,413 shares in the last quarter. Van ECK Associates Corp raised its position in VanEck Agribusiness ETF by 174.9% during the fourth quarter. Van ECK Associates Corp now owns 30,714 shares of the company’s stock worth $1,982,000 after acquiring an additional 19,541 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new position in shares of VanEck Agribusiness ETF in the third quarter valued at $2,214,000.

VanEck Agribusiness ETF Price Performance

NYSEARCA:MOO opened at $67.84 on Thursday. VanEck Agribusiness ETF has a one year low of $63.91 and a one year high of $76.19. The company has a market cap of $569.86 million, a P/E ratio of 17.87 and a beta of 0.93. The firm’s fifty day moving average price is $67.21 and its two-hundred day moving average price is $70.24.

VanEck Agribusiness ETF Company 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.