Verity Asset Management Inc. Takes Position in iShares MSCI Agriculture Producers ETF $VEGI

Verity Asset Management Inc. purchased a new stake in shares of iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) during the fourth quarter, Holdings Channel reports. The fund purchased 17,242 shares of the company’s stock, valued at approximately $665,000.

Other hedge funds have also recently made changes to their positions in the company. CX Institutional boosted its stake in shares of iShares MSCI Agriculture Producers ETF by 126.5% during the third quarter. CX Institutional now owns 974 shares of the company’s stock valued at $38,000 after purchasing an additional 544 shares in the last quarter. Red Tortoise LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the third quarter valued at about $981,000. Flow Traders U.S. LLC boosted its stake in shares of iShares MSCI Agriculture Producers ETF by 32.2% during the third quarter. Flow Traders U.S. LLC now owns 75,687 shares of the company’s stock valued at $2,969,000 after purchasing an additional 18,452 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock valued at $3,479,000 after purchasing an additional 4,800 shares in the last quarter.

iShares MSCI Agriculture Producers ETF Stock Up 1.4%

Shares of VEGI stock traded up $0.64 during mid-day trading on Thursday, reaching $45.45. 7,580 shares of the stock traded hands, compared to its average volume of 72,114. The stock’s fifty day simple moving average is $45.56 and its two-hundred day simple moving average is $42.10. iShares MSCI Agriculture Producers ETF has a 1-year low of $37.11 and a 1-year high of $47.27. The company has a market cap of $165.89 million, a price-to-earnings ratio of 18.90 and a beta of 0.73.

iShares MSCI Agriculture Producers ETF 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.