Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $23.11 and last traded at $23.09. 412,362 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 696,663 shares. The stock had previously closed at $22.93.
Teucrium Wheat Fund Trading Up 1.5%
The stock has a 50-day moving average of $23.34 and a 200 day moving average of $22.23.
Institutional Investors Weigh In On Teucrium Wheat Fund
Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Teucrium Wheat Fund by 9,855.7% in the first quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock valued at $2,358,000 after buying an additional 99,050 shares during the period. Compound Planning Inc. purchased a new stake in shares of Teucrium Wheat Fund in the first quarter worth about $232,000. Cetera Investment Advisers purchased a new stake in Teucrium Wheat Fund in the 1st quarter worth approximately $974,000. Militia Capital Management LLC bought a new stake in Teucrium Wheat Fund during the first quarter valued at $1,843,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Teucrium Wheat Fund during the 3rd quarter valued at about $29,000.
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%.
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