iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Trading Down 0.7% – Should You Sell?

Shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) were down 0.7% during mid-day trading on Wednesday . The company traded as low as $36.55 and last traded at $36.70. Approximately 17,214 shares were traded during trading, a decline of 8% from the average daily volume of 18,749 shares. The stock had previously closed at $36.95.

iShares MSCI Agriculture Producers ETF Stock Down 0.7 %

The stock’s 50-day moving average price is $37.08 and its 200-day moving average price is $37.10. The company has a market capitalization of $91.75 million, a price-to-earnings ratio of 17.05 and a beta of 0.84.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas boosted its position in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter.

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.