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

Invesco DB Agriculture Fund (NYSEARCA:DBA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.57 and traded as high as $26.87. Invesco DB Agriculture Fund shares last traded at $26.84, with a volume of 826,296 shares changing hands.

Invesco DB Agriculture Fund Stock Up 0.7%

The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The stock’s fifty day moving average price is $27.34 and its 200-day moving average price is $26.57.

Institutional Trading of Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Invesco DB Agriculture Fund by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock valued at $23,711,000 after purchasing an additional 19,922 shares during the last quarter. Bank of America Corp DE raised its holdings 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 purchasing an additional 31,182 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Invesco DB Agriculture Fund by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock valued at $12,180,000 after purchasing an additional 4,686 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco DB Agriculture Fund by 6.2% in the fourth quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock valued at $10,393,000 after purchasing an additional 23,609 shares during the last quarter. Finally, Passaic Partners LLC acquired a new stake in shares of Invesco DB Agriculture Fund in the fourth quarter valued at approximately $9,972,000. 38.63% of the stock is currently 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.