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

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) dropped 0.6% during trading on Thursday . The stock traded as low as $34.94 and last traded at $35.10. Approximately 13,217 shares were traded during trading, a decline of 52% from the average daily volume of 27,563 shares. The stock had previously closed at $35.31.

iShares MSCI Agriculture Producers ETF Price Performance

The business’s fifty day moving average price is $36.85 and its 200 day moving average price is $36.57. The stock has a market cap of $121.13 million, a P/E ratio of 8.65 and a beta of 0.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas increased its holdings in shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,748 shares of the company’s stock after buying an additional 1,353 shares during the period. BNP Paribas owned about 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 at the end of the most recent quarter.

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.