Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Crosses Above 200-Day Moving Average – What’s Next?

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.58 and traded as high as $26.74. Invesco DB Agriculture Fund shares last traded at $26.51, with a volume of 2,364,372 shares changing hands.

Invesco DB Agriculture Fund Trading Down 1.1%

The company’s 50 day moving average is $27.29 and its 200 day moving average is $26.58. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new stake in shares of Invesco DB Agriculture Fund during the first quarter worth about $110,000. Bank of America Corp DE boosted its position in shares of Invesco DB Agriculture Fund by 5.1% in the 1st quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock valued at $17,435,000 after purchasing an additional 31,182 shares during the period. Royal Bank of Canada boosted its position in shares of Invesco DB Agriculture Fund by 212.4% in the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after purchasing an additional 197,234 shares during the period. The Manufacturers Life Insurance Company grew its stake in Invesco DB Agriculture Fund by 983.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after buying an additional 257,619 shares during the last quarter. Finally, Galaxy Digital Inc. purchased a new position in Invesco DB Agriculture Fund during the 1st quarter worth approximately $411,000. Hedge funds and other 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.