Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.94 and traded as high as $27.20. Invesco DB Agriculture Fund shares last traded at $27.17, with a volume of 152,789 shares traded.

Invesco DB Agriculture Fund Stock Performance

The firm has a market capitalization of $844.99 million, a price-to-earnings ratio of 11.32 and a beta of 0.25. The firm has a fifty day moving average price of $26.92 and a 200 day moving average price of $26.94.

Institutional Trading of Invesco DB Agriculture Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DBA. Wells Fargo & Company MN boosted its position in Invesco DB Agriculture Fund by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 878,043 shares of the exchange traded fund’s stock worth $23,347,000 after purchasing an additional 256,500 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Invesco DB Agriculture Fund in the 1st quarter valued at about $3,224,000. Jane Street Group LLC increased its position in shares of Invesco DB Agriculture Fund by 513.6% in the first quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock worth $3,618,000 after acquiring an additional 114,965 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco DB Agriculture Fund during the fourth quarter worth about $2,722,000. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Invesco DB Agriculture Fund by 742.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 85,787 shares of the exchange traded fund’s stock valued at $2,260,000 after buying an additional 75,605 shares during the period.

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.