Teucrium Wheat Fund (NYSEARCA:WEAT) Trading 0.4% Higher – Still a Buy?

Teucrium Wheat Fund (NYSEARCA:WEAT)’s stock price was up 0.4% during mid-day trading on Monday . The company traded as high as $4.85 and last traded at $4.81. Approximately 546,252 shares changed hands during trading, a decline of 19% from the average daily volume of 674,507 shares. The stock had previously closed at $4.79.

Teucrium Wheat Fund Price Performance

The firm’s 50-day simple moving average is $4.91 and its 200 day simple moving average is $5.07.

Institutional Trading of Teucrium Wheat Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC purchased a new position in Teucrium Wheat Fund in the 3rd quarter worth about $105,000. National Bank of Canada FI acquired a new position in shares of Teucrium Wheat Fund in the second quarter worth about $242,000. Flow Traders U.S. LLC acquired a new position in shares of Teucrium Wheat Fund in the third quarter worth about $363,000. Atlas Financial Advisors Inc. purchased a new position in shares of Teucrium Wheat Fund in the third quarter worth approximately $423,000. Finally, Belpointe Asset Management LLC acquired a new position in Teucrium Wheat Fund in the 2nd quarter worth approximately $939,000.

Teucrium Wheat Fund Company Profile

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%.