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

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) shares fell 0.6% during trading on Thursday . The company traded as low as $34.94 and last traded at $35.10. 13,217 shares traded hands 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 Performance

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

Institutional Trading of iShares MSCI Agriculture Producers ETF

An institutional investor recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas lifted its holdings in shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,748 shares of the company’s stock after purchasing an additional 1,353 shares during the quarter. BNP Paribas owned about 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 as of its most recent SEC filing.

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.