VanEck Future of Food ETF (NYSEARCA:YUMY) Shares Down 0.7%

VanEck Future of Food ETF (NYSEARCA:YUMY)’s stock price dropped 0.7% during mid-day trading on Thursday . The company traded as low as $16.47 and last traded at $16.47. Approximately 100 shares traded hands during trading, a decline of 93% from the average daily volume of 1,387 shares. The stock had previously closed at $16.59.

VanEck Future of Food ETF Stock Performance

The company has a 50 day moving average of $16.22 and a 200 day moving average of $15.82. The stock has a market capitalization of $3.29 million, a price-to-earnings ratio of 12.87 and a beta of 0.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VanEck Future of Food ETF stock. Assetmark Inc. acquired a new position in shares of VanEck Future of Food ETF (NYSEARCA:YUMY) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,229 shares of the company’s stock, valued at approximately $98,000. Assetmark Inc. owned about 4.15% of VanEck Future of Food ETF at the end of the most recent quarter.

VanEck Future of Food ETF Company Profile

The VanEck Future of Food ETF (YUMY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global companies involved in sustainable agriculture and food innovations. YUMY was launched on Nov 30, 2021 and is managed by VanEck.