Teucrium Wheat Fund (NYSEARCA:WEAT) Stock Price Down 3.1%

Shares of Teucrium Wheat Fund (NYSEARCA:WEATGet Rating) dropped 3.1% during mid-day trading on Monday . The stock traded as low as $7.23 and last traded at $7.30. Approximately 1,348,681 shares changed hands during trading, an increase of 79% from the average daily volume of 752,754 shares. The stock had previously closed at $7.53.

Teucrium Wheat Fund Stock Performance

The firm has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $8.27.

Institutional Investors Weigh In On Teucrium Wheat Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its stake in shares of Teucrium Wheat Fund by 47.7% in the first quarter. Citigroup Inc. now owns 2,953 shares of the company’s stock valued at $29,000 after buying an additional 953 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of Teucrium Wheat Fund in the first quarter valued at $45,000. Barclays PLC grew its stake in shares of Teucrium Wheat Fund by 21,773.3% in the third quarter. Barclays PLC now owns 6,562 shares of the company’s stock valued at $60,000 after buying an additional 6,532 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Teucrium Wheat Fund in the first quarter valued at $99,000. Finally, Spire Wealth Management boosted its holdings in Teucrium Wheat Fund by 395.9% in the second quarter. Spire Wealth Management now owns 10,909 shares of the company’s stock valued at $99,000 after purchasing an additional 8,709 shares during the period.

About Teucrium Wheat Fund

(Get Rating)

Teucrium Wheat Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Fund provides investors unleveraged direct exposure to wheat without the need for a futures account. The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), which includes the second-to-expire CBOT Wheat Futures Contract, weighted 35%; the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and the CBOT Wheat Futures Contract, weighted 35%.

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