Invesco DB Agriculture Fund (NYSEARCA:DBA) Sets New 52-Week High at $25.71

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price hit a new 52-week high on Monday . The stock traded as high as $25.71 and last traded at $25.71, with a volume of 211 shares trading hands. The stock had previously closed at $25.43.

Invesco DB Agriculture Fund Stock Performance

The firm’s 50-day moving average price is $23.35 and its two-hundred day moving average price is $22.19. The firm has a market capitalization of $828.56 million, a price-to-earnings ratio of 10.84 and a beta of 0.19.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBA. JPMorgan Chase & Co. boosted its position in Invesco DB Agriculture Fund by 104.0% in the first quarter. JPMorgan Chase & Co. now owns 325,707 shares of the exchange traded fund’s stock valued at $7,127,000 after buying an additional 166,065 shares in the last quarter. Raymond James & Associates lifted its position in shares of Invesco DB Agriculture Fund by 273.9% during the first quarter. Raymond James & Associates now owns 103,293 shares of the exchange traded fund’s stock worth $2,260,000 after purchasing an additional 75,666 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Invesco DB Agriculture Fund during the first quarter worth approximately $696,000. Citigroup Inc. acquired a new position in shares of Invesco DB Agriculture Fund during the first quarter worth approximately $1,642,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Invesco DB Agriculture Fund by 33.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,415 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 2,873 shares in the last quarter.

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.