iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Shares Down 0.6% – Here’s What Happened

Shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) 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 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 Price Performance

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

Institutional Trading of iShares MSCI Agriculture Producers ETF

An institutional investor recently raised its position in iShares MSCI Agriculture Producers ETF stock. BNP Paribas boosted its stake in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,748 shares of the company’s stock after buying an additional 1,353 shares during the quarter. BNP Paribas owned approximately 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 as of its most recent filing with the SEC.

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.