Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw unusually-high trading volume on Thursday. Approximately 1,637,999 shares were traded during trading, an increase of 40% from the previous session’s volume of 1,170,395 shares. The stock last traded at $27.9250 and had previously closed at $28.12.

Invesco DB Agriculture Fund Trading Down 0.7%

The company has a market cap of $1.21 billion, a P/E ratio of 11.32 and a beta of 0.12. The company’s 50-day moving average price is $28.53 and its two-hundred day moving average price is $27.79.

Institutional Trading of Invesco DB Agriculture Fund

Several institutional investors and hedge funds have recently bought and sold shares of DBA. The Manufacturers Life Insurance Company lifted its stake in Invesco DB Agriculture Fund by 983.2% during the first quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock valued at $7,754,000 after buying an additional 257,619 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco DB Agriculture Fund by 212.4% during the first quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after acquiring an additional 197,234 shares during the period. Nwam LLC acquired a new stake in shares of Invesco DB Agriculture Fund during the first quarter valued at approximately $2,133,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Invesco DB Agriculture Fund in the 3rd quarter valued at approximately $2,051,000. Finally, IMC Chicago LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the 1st quarter valued at approximately $1,736,000. Institutional investors and hedge funds own 38.63% of the company’s stock.

Invesco DB Agriculture Fund Company Profile

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.