Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw strong trading volume on Tuesday . 756,612 shares traded hands during trading, a decline of 35% from the previous session’s volume of 1,161,966 shares.The stock last traded at $29.4350 and had previously closed at $29.32.

Invesco DB Agriculture Fund Stock Performance

The stock has a market capitalization of $1.27 billion, a P/E ratio of 11.32 and a beta of 0.11. The company’s fifty day simple moving average is $27.73 and its two-hundred day simple moving average is $27.23.

Institutional Trading of Invesco DB Agriculture Fund

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in Invesco DB Agriculture Fund by 513.6% in the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock valued at $3,618,000 after purchasing an additional 114,965 shares during the period. Creative Planning lifted its holdings in shares of Invesco DB Agriculture Fund by 28.2% during the second quarter. Creative Planning now owns 11,804 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 2,600 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Invesco DB Agriculture Fund by 5.4% during the second quarter. Daiwa Securities Group Inc. now owns 151,500 shares of the exchange traded fund’s stock worth $3,962,000 after buying an additional 7,800 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Invesco DB Agriculture Fund by 48.5% in the second quarter. The Manufacturers Life Insurance Company now owns 87,229 shares of the exchange traded fund’s stock valued at $2,281,000 after acquiring an additional 28,505 shares during the period. Finally, Main Street Financial Solutions LLC bought a new stake in shares of Invesco DB Agriculture Fund in the second quarter valued at about $427,000. 38.63% of the stock is owned by institutional investors and hedge funds.

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.