iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Trading 0.3% Higher – Should You Buy?

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) shares rose 0.3% during mid-day trading on Wednesday . The company traded as high as $38.22 and last traded at $38.08. Approximately 20,181 shares were traded during trading, an increase of 37% from the average daily volume of 14,699 shares. The stock had previously closed at $37.96.

iShares MSCI Agriculture Producers ETF Price Performance

The firm has a market capitalization of $131.38 million, a PE ratio of 8.65 and a beta of 0.75. The company has a 50-day moving average price of $36.76 and a 200-day moving average price of $36.90.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

A hedge fund recently raised its stake in iShares MSCI Agriculture Producers ETF stock. BNP Paribas lifted its stake in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 11.9% in the 3rd quarter, according to its most recent Form 13F 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 approximately 0.37% of iShares MSCI Agriculture Producers ETF worth $485,000 as of its most recent SEC filing.

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.