iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI – Get Free Report) shares shot up 2% during mid-day trading on Wednesday . The stock traded as high as $49.58 and last traded at $49.41. Approximately 112,787 shares traded 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 Price Performance
The stock has a 50-day moving average price of $45.18 and a 200 day moving average price of $45.08. The firm has a market cap of $162.26 million, a PE ratio of 18.90 and a beta of 0.67.
Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV purchased a new stake in iShares MSCI Agriculture Producers ETF during the first quarter worth approximately $871,000. Commonwealth Retirement Investments LLC acquired a new position in iShares MSCI Agriculture Producers ETF during the 4th quarter worth approximately $46,000. Glenmede Trust Co. NA acquired a new stake in iShares MSCI Agriculture Producers ETF in the first quarter valued at approximately $40,000. Finally, Sound Income Strategies LLC purchased a new position in shares of iShares MSCI Agriculture Producers ETF in the first quarter valued at $27,000.
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.
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