iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Price Cross Above 200 Day Moving Average – Here’s Why

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $45.17 and traded as high as $46.04. iShares MSCI Agriculture Producers ETF shares last traded at $45.70, with a volume of 35,988 shares.

iShares MSCI Agriculture Producers ETF Trading Up 2.1%

The firm has a market cap of $171.38 million, a PE ratio of 18.90 and a beta of 0.69. The stock has a fifty day simple moving average of $46.12 and a two-hundred day simple moving average of $45.17.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

An institutional investor recently bought a new position in iShares MSCI Agriculture Producers ETF stock. Glenmede Trust Co. NA acquired a new stake in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 877 shares of the company’s stock, valued at approximately $40,000.

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.