Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.84 and last traded at $28.7750, with a volume of 529828 shares trading hands. The stock had previously closed at $28.59.
Invesco DB Agriculture Fund Stock Performance
The stock’s fifty day moving average is $27.58 and its two-hundred day moving average is $27.16. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Compass Capital Corp MA ADV acquired a new position in Invesco DB Agriculture Fund during the fourth quarter worth about $453,000. Passaic Partners LLC acquired a new stake in Invesco DB Agriculture Fund in the 4th quarter valued at about $9,972,000. Daiwa Securities Group Inc. lifted its holdings in Invesco DB Agriculture Fund by 11.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 177,600 shares of the exchange traded fund’s stock valued at $4,532,000 after acquiring an additional 18,300 shares during the last quarter. Intellectus Partners LLC boosted its position in shares of Invesco DB Agriculture Fund by 8.1% during the 4th quarter. Intellectus Partners LLC now owns 36,042 shares of the exchange traded fund’s stock valued at $920,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Belvedere Trading LLC bought a new position in shares of Invesco DB Agriculture Fund during the 4th quarter valued at about $322,000. 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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