Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.74 and traded as high as $28.08. Invesco DB Agriculture Fund shares last traded at $28.02, with a volume of 713,447 shares trading hands.
Invesco DB Agriculture Fund Stock Performance
The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The company has a 50 day moving average of $27.23 and a 200 day moving average of $26.74.
Hedge Funds Weigh In On Invesco DB Agriculture Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in shares of Invesco DB Agriculture Fund during the fourth quarter worth approximately $30,000. Group One Trading LLC purchased a new position in Invesco DB Agriculture Fund in the second quarter worth approximately $36,000. Advisory Services Network LLC purchased a new position in Invesco DB Agriculture Fund in the third quarter worth approximately $41,000. Aptus Capital Advisors LLC acquired a new position in Invesco DB Agriculture Fund during the 4th quarter worth approximately $60,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the 4th quarter valued at approximately $63,000. 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.
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