Ballast Inc. reduced its holdings in shares of VanEck Vectors Agribusiness ETF (NYSEARCA:MOO) by 90.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,261 shares of the company’s stock after selling 49,941 shares during the period. Ballast Inc.’s holdings in VanEck Vectors Agribusiness ETF were worth $361,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. First Allied Advisory Services Inc. bought a new stake in shares of VanEck Vectors Agribusiness ETF during the 3rd quarter worth approximately $70,000. Capital Investment Advisory Services LLC raised its position in VanEck Vectors Agribusiness ETF by 116.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $133,000 after purchasing an additional 1,084 shares in the last quarter. Allred Capital Management LLC bought a new stake in VanEck Vectors Agribusiness ETF during the 4th quarter valued at $185,000. Steward Partners Investment Advisory LLC raised its position in VanEck Vectors Agribusiness ETF by 39.9% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,085 shares of the company’s stock valued at $203,000 after purchasing an additional 880 shares in the last quarter. Finally, SWS Partners bought a new stake in VanEck Vectors Agribusiness ETF during the 3rd quarter valued at $230,000.
Shares of NYSEARCA:MOO traded down $0.08 on Tuesday, reaching $69.14. The company had a trading volume of 9,526 shares, compared to its average volume of 53,525. VanEck Vectors Agribusiness ETF has a 52-week low of $59.59 and a 52-week high of $69.22. The firm’s 50 day simple moving average is $67.77 and its 200-day simple moving average is $66.58.
The business also recently declared an annual dividend, which was paid on Monday, December 30th. Stockholders of record on Tuesday, December 24th were issued a $0.9091 dividend. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 1.33%.
About VanEck Vectors 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.
Further Reading: Differences Between Momentum Investing and Long Term Investing
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