iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Trading 0.1% Higher – Here’s Why

Shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) were up 0.1% on Wednesday . The stock traded as high as $47.75 and last traded at $47.26. 17,801 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 61,070 shares. The stock had previously closed at $47.22.

iShares MSCI Agriculture Producers ETF Stock Performance

The stock has a market cap of $170.14 million, a P/E ratio of 18.90 and a beta of 0.67. The business has a 50 day simple moving average of $46.23 and a 200-day simple moving average of $45.26.

Institutional Trading of iShares MSCI Agriculture Producers ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA purchased a new position in iShares MSCI Agriculture Producers ETF in the first quarter valued at about $40,000. Sound Income Strategies LLC bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter worth approximately $27,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter worth approximately $871,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter worth approximately $46,000.

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.