iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Price Down 1.1% – What’s Next?

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI)’s share price fell 1.1% during trading on Thursday . The company traded as low as $35.21 and last traded at $35.30. 26,163 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 17,232 shares. The stock had previously closed at $35.70.

iShares MSCI Agriculture Producers ETF Price Performance

The firm has a market cap of $121.79 million, a price-to-earnings ratio of 8.65 and a beta of 0.75. The firm has a fifty day simple moving average of $37.46 and a two-hundred day simple moving average of $36.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares MSCI Agriculture Producers ETF stock. Family Firm Inc. grew its position in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) by 14.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,364 shares of the company’s stock after purchasing an additional 1,468 shares during the period. Family Firm Inc. owned approximately 0.33% of iShares MSCI Agriculture Producers ETF worth $407,000 at the end of the most recent 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.