iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Shares Down 1.1% – Should You Sell?

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI)’s stock price dropped 1.1% during trading on Thursday . The company traded as low as $35.21 and last traded at $35.30. Approximately 26,163 shares traded hands during trading, an increase of 52% from the average daily volume of 17,232 shares. The stock had previously closed at $35.70.

iShares MSCI Agriculture Producers ETF Stock Up 0.9 %

The company’s 50-day moving average price is $37.42 and its 200-day moving average price is $36.63. The firm has a market cap of $122.85 million, a price-to-earnings ratio of 8.65 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas increased its stake in shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the third quarter, according to the company in its most recent disclosure 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 about 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 at the end of the most recent reporting period.

About iShares MSCI Agriculture Producers ETF

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.