iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Shares Down 0.6% – Should You Sell?

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI)’s stock price traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $34.94 and last traded at $35.10. 13,217 shares were traded during trading, a decline of 52% from the average session volume of 27,563 shares. The stock had previously closed at $35.31.

iShares MSCI Agriculture Producers ETF Stock Down 0.6 %

The business has a 50 day moving average price of $36.89 and a 200 day moving average price of $36.57. The stock has a market cap of $121.10 million, a P/E ratio of 8.65 and a beta of 0.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas grew its stake in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,748 shares of the company’s stock after acquiring an additional 1,353 shares during the period. BNP Paribas owned 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 at the end of the most recent reporting period.

iShares MSCI Agriculture Producers ETF Company Profile

The iShares MSCI Global Agriculture Producers ETF (VEGI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies that are sensitive to agricultural commodity prices. VEGI was launched on Jan 31, 2012 and is managed by BlackRock.