Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Invesco DB Agriculture Fund (NYSEARCA:DBAGet Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.70 and traded as high as $26.73. Invesco DB Agriculture Fund shares last traded at $26.59, with a volume of 363,071 shares changing hands.

Invesco DB Agriculture Fund Price Performance

The firm has a market cap of $779.09 million, a price-to-earnings ratio of 11.32 and a beta of 0.18. The firm has a 50 day moving average price of $27.02 and a 200-day moving average price of $26.70.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Several large investors have recently made changes to their positions in DBA. Quadrature Capital Ltd acquired a new position in shares of Invesco DB Agriculture Fund during the second quarter valued at $5,671,000. Perigon Wealth Management LLC lifted its stake in Invesco DB Agriculture Fund by 408.9% in the second quarter. Perigon Wealth Management LLC now owns 171,255 shares of the exchange traded fund’s stock valued at $4,478,000 after buying an additional 137,603 shares during the period. Citizens Financial Group Inc. RI acquired a new position in Invesco DB Agriculture Fund in the first quarter valued at about $3,224,000. Jane Street Group LLC lifted its stake in Invesco DB Agriculture Fund by 513.6% in the first quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock valued at $3,618,000 after buying an additional 114,965 shares during the period. Finally, VestGen Advisors LLC acquired a new position in Invesco DB Agriculture Fund in the second quarter valued at about $2,011,000. Institutional investors and hedge funds own 38.63% of the company’s stock.

Invesco DB Agriculture Fund Company Profile

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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.

Further Reading

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