Invesco DB Agriculture Fund (NYSEARCA:DBA) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $27.77 and traded as high as $28.24. Invesco DB Agriculture Fund shares last traded at $28.20, with a volume of 648,278 shares changing hands.

Invesco DB Agriculture Fund Trading Down 0.2%

The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.32 and a beta of 0.12. The stock’s 50-day moving average is $28.53 and its 200-day moving average is $27.78.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Invesco DB Agriculture Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock valued at $17,435,000 after buying an additional 31,182 shares during the period. HighTower Advisors LLC raised its stake in shares of Invesco DB Agriculture Fund by 4.5% during the second quarter. HighTower Advisors LLC now owns 479,815 shares of the exchange traded fund’s stock valued at $12,797,000 after acquiring an additional 20,626 shares during the last quarter. Royal Bank of Canada lifted 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 worth $7,925,000 after purchasing an additional 197,234 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 worth $7,754,000 after purchasing an additional 257,619 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Invesco DB Agriculture Fund by 17.6% during the first quarter. Kestra Advisory Services LLC now owns 165,960 shares of the exchange traded fund’s stock worth $4,534,000 after purchasing an additional 24,780 shares during the period. 38.63% of the stock is currently owned by institutional investors and hedge funds.

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.