Teucrium Wheat Fund (NYSEARCA:WEAT) Stock Price Up 0.4% – Still a Buy?

Teucrium Wheat Fund (NYSEARCA:WEAT)’s stock price was up 0.4% during mid-day trading on Tuesday . The company traded as high as $24.67 and last traded at $24.62. Approximately 491,076 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 680,306 shares. The stock had previously closed at $24.52.

Teucrium Wheat Fund Trading Up 0.4%

The company’s 50-day simple moving average is $23.43 and its 200 day simple moving average is $22.67.

Institutional Trading of Teucrium Wheat Fund

Large investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. bought a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at approximately $29,000. Rockefeller Capital Management L.P. lifted its holdings in Teucrium Wheat Fund by 26.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,288 shares of the company’s stock worth $166,000 after purchasing an additional 1,747 shares during the last quarter. Compound Planning Inc. bought a new stake in Teucrium Wheat Fund during the first quarter worth approximately $232,000. US Bancorp DE bought a new stake in Teucrium Wheat Fund during the third quarter worth approximately $41,000. Finally, JPMorgan Chase & Co. acquired a new position in Teucrium Wheat Fund during the second quarter valued at approximately $66,000.

About Teucrium Wheat Fund

Teucrium Wheat Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Fund provides investors unleveraged direct exposure to wheat without the need for a futures account. The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), which includes the second-to-expire CBOT Wheat Futures Contract, weighted 35%; the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and the CBOT Wheat Futures Contract, weighted 35%.