Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.99 and traded as high as $27.92. Invesco DB Agriculture Fund shares last traded at $27.84, with a volume of 693,549 shares traded.
Invesco DB Agriculture Fund Price Performance
The firm’s 50 day simple moving average is $27.26 and its two-hundred day simple moving average is $27.01. The firm has a market capitalization of $1.20 billion, a P/E ratio of 11.32 and a beta of 0.11.
Institutional Investors Weigh In On Invesco DB Agriculture Fund
A number of hedge funds and other institutional investors have recently modified their holdings of DBA. International Assets Investment Management LLC bought a new position in Invesco DB Agriculture Fund during the 4th quarter worth approximately $30,000. Group One Trading LLC purchased a new stake in shares of Invesco DB Agriculture Fund during the second quarter valued at approximately $36,000. Advisory Services Network LLC bought a new position in shares of Invesco DB Agriculture Fund in the third quarter worth approximately $41,000. Aptus Capital Advisors LLC bought a new position in shares of Invesco DB Agriculture Fund in the fourth quarter worth approximately $60,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Invesco DB Agriculture Fund in the fourth quarter worth $63,000. 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.
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