Invesco DB Agriculture Fund (NYSEARCA:DBA) Hits New 52-Week High – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.84 and last traded at $28.7750, with a volume of 529828 shares changing hands. The stock had previously closed at $28.59.

Invesco DB Agriculture Fund Stock Performance

The business has a 50-day simple moving average of $27.68 and a 200 day simple moving average of $27.20. The firm has a market cap of $1.26 billion, a P/E ratio of 11.32 and a beta of 0.11.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in Invesco DB Agriculture Fund in the fourth quarter worth $30,000. Group One Trading LLC purchased a new position in Invesco DB Agriculture Fund during the 2nd quarter valued at $36,000. Advisory Services Network LLC bought a new position in Invesco DB Agriculture Fund in the 3rd quarter worth $41,000. Aptus Capital Advisors LLC bought a new position in Invesco DB Agriculture Fund in the 4th quarter worth $60,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the 1st quarter worth about $110,000. 38.63% of the stock is owned by hedge funds and other institutional investors.

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.