Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Up 1.8% – Here’s What Happened

Teucrium Wheat Fund (NYSEARCA:WEAT)’s share price traded up 1.8% during trading on Tuesday . The stock traded as high as $23.16 and last traded at $23.16. 700,975 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 675,193 shares. The stock had previously closed at $22.75.

Teucrium Wheat Fund Stock Up 1.8%

The company has a 50-day moving average price of $22.44 and a 200 day moving average price of $21.26.

Hedge Funds Weigh In On Teucrium Wheat Fund

A number of large investors have recently made changes to their positions in WEAT. Pin Oak Investment Advisors Inc. acquired a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $29,000. Rockefeller Capital Management L.P. increased its holdings in shares of Teucrium Wheat Fund by 26.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,288 shares of the company’s stock valued at $166,000 after purchasing an additional 1,747 shares during the period. US Bancorp DE acquired a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $41,000. Vawter Financial Ltd. acquired a new stake in shares of Teucrium Wheat Fund during the 3rd quarter valued at $44,000. Finally, GK Wealth Management LLC acquired a new stake in shares of Teucrium Wheat Fund during the 3rd quarter valued at $45,000.

About Teucrium Wheat Fund

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%.