iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Trading 2% Higher – Here’s What Happened

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI)’s share price were up 2% during mid-day trading on Wednesday . The company traded as high as $49.58 and last traded at $49.41. 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 Stock Up 2.0%

The stock has a market capitalization of $163.05 million, a PE ratio of 18.90 and a beta of 0.66. The firm’s fifty day moving average is $45.07 and its 200-day moving average is $45.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VEGI. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI Agriculture Producers ETF in the fourth quarter valued at $46,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter valued at about $871,000. Sound Income Strategies LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF in the first quarter valued at about $27,000. Finally, Glenmede Trust Co. NA purchased a new stake in iShares MSCI Agriculture Producers ETF during the first quarter worth about $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.