iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Price Down 0.9%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) fell 0.9% during trading on Monday . The stock traded as low as $36.01 and last traded at $36.17. 11,558 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 18,984 shares. The stock had previously closed at $36.52.

iShares MSCI Agriculture Producers ETF Price Performance

The firm has a 50-day moving average of $36.12 and a 200-day moving average of $36.72. The stock has a market cap of $124.79 million, a PE ratio of 8.65 and a beta of 0.75.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas purchased a new position in iShares MSCI Agriculture Producers ETF during the 1st quarter valued at approximately $409,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of iShares MSCI Agriculture Producers ETF by 5.5% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 113,470 shares of the company’s stock worth $4,326,000 after acquiring an additional 5,890 shares during the last quarter. Finally, Family Firm Inc. raised its position in iShares MSCI Agriculture Producers ETF by 40.2% during the 1st quarter. Family Firm Inc. now owns 9,896 shares of the company’s stock valued at $381,000 after purchasing an additional 2,840 shares in the last 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.