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

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI)’s stock price fell 0.6% 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 company has a market capitalization of $121.13 million, a price-to-earnings ratio of 8.65 and a beta of 0.75. The firm has a fifty day moving average price of $36.85 and a 200-day moving average price of $36.57.

Institutional Trading of iShares MSCI Agriculture Producers ETF

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas raised its holdings in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,748 shares of the company’s stock after purchasing an additional 1,353 shares during the quarter. BNP Paribas owned 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 as of its most recent SEC filing.

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.