iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Price Down 0.7% – Here’s Why

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

iShares MSCI Agriculture Producers ETF Trading Down 0.7 %

The firm has a market cap of $91.75 million, a P/E ratio of 17.05 and a beta of 0.84. The company’s fifty day moving average price is $37.08 and its two-hundred day moving average price is $37.10.

Institutional Trading of iShares MSCI Agriculture Producers ETF

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas grew its holdings in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% in the third quarter, according to the company in its most recent Form 13F 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 at the end of the most recent reporting period.

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.