iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Shares Up 2% – Here’s What Happened

Shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) rose 2% during mid-day trading on Wednesday . The company traded as high as $49.58 and last traded at $49.41. Approximately 112,787 shares changed hands during trading, an increase of 85% from the average session volume of 60,884 shares. The stock had previously closed at $48.44.

iShares MSCI Agriculture Producers ETF Stock Performance

The firm has a market cap of $163.05 million, a price-to-earnings ratio of 18.90 and a beta of 0.66. The business has a fifty day moving average of $45.07 and a two-hundred day moving average of $45.06.

Institutional Trading of iShares MSCI Agriculture Producers ETF

A number of institutional investors have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI Agriculture Producers ETF in the fourth quarter valued at $46,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of iShares MSCI Agriculture Producers ETF in the first quarter valued at $871,000. Sound Income Strategies LLC acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the 1st quarter worth $27,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the 1st quarter worth $40,000.

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.