Invesco DB Agriculture Fund (NYSEARCA:DBA) Hits New 52-Week High – What’s Next?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) reached a new 52-week high during trading on Monday . The company traded as high as $28.38 and last traded at $28.3740, with a volume of 586158 shares. The stock had previously closed at $27.97.

Invesco DB Agriculture Fund Stock Performance

The company has a market capitalization of $1.02 billion, a P/E ratio of 11.32 and a beta of 0.12. The firm’s fifty day moving average is $26.99 and its 200-day moving average is $26.37.

Institutional Trading of Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in shares of Invesco DB Agriculture Fund by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock worth $23,711,000 after buying an additional 19,922 shares in the last quarter. HighTower Advisors LLC grew its position in Invesco DB Agriculture Fund by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock worth $12,180,000 after acquiring an additional 4,686 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invesco DB Agriculture Fund by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock worth $10,393,000 after acquiring an additional 23,609 shares during the last quarter. Passaic Partners LLC acquired a new position in Invesco DB Agriculture Fund in the 4th quarter worth about $9,972,000. Finally, Daiwa Securities Group Inc. increased its holdings in Invesco DB Agriculture Fund by 11.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 177,600 shares of the exchange traded fund’s stock worth $4,532,000 after purchasing an additional 18,300 shares in the last quarter. Institutional investors own 38.63% of the company’s stock.

About Invesco DB Agriculture Fund

PowerShares DB Agriculture Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund’s subsidiary is DB Agriculture Master Fund (the Master Fund), a separate series of DB Multi-Sector Commodity Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.