iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Trading 1% Higher – Time to Buy?

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI)’s share price traded up 1% on Monday . The stock traded as high as $45.44 and last traded at $45.44. 29,784 shares were traded during trading, an increase of 14% from the average session volume of 26,073 shares. The stock had previously closed at $45.01.

iShares MSCI Agriculture Producers ETF Stock Up 1.5%

The company’s fifty day moving average price is $43.32 and its two-hundred day moving average price is $40.70. The company has a market cap of $107.47 million, a price-to-earnings ratio of 18.90 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of VEGI. CX Institutional boosted its stake in iShares MSCI Agriculture Producers ETF by 126.5% in the third quarter. CX Institutional now owns 974 shares of the company’s stock worth $38,000 after purchasing an additional 544 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF in the fourth quarter valued at $46,000. BNP Paribas raised its holdings in shares of iShares MSCI Agriculture Producers ETF by 5.6% in the second quarter. BNP Paribas now owns 13,007 shares of the company’s stock valued at $524,000 after buying an additional 685 shares during the last quarter. Verity Asset Management Inc. bought a new position in shares of iShares MSCI Agriculture Producers ETF in the fourth quarter valued at about $665,000. Finally, Red Tortoise LLC acquired a new position in iShares MSCI Agriculture Producers ETF during the 3rd quarter worth about $981,000.

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.