Invesco DB Agriculture Fund (NYSEARCA:DBA) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.74 and traded as high as $28.08. Invesco DB Agriculture Fund shares last traded at $28.02, with a volume of 713,447 shares.

Invesco DB Agriculture Fund Trading Up 0.6%

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11. The company’s fifty day moving average is $27.23 and its two-hundred day moving average is $26.74.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Passaic Partners LLC purchased a new position in shares of Invesco DB Agriculture Fund in the fourth quarter valued at approximately $9,972,000. The Manufacturers Life Insurance Company lifted its holdings in Invesco DB Agriculture Fund by 983.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after buying an additional 257,619 shares in the last quarter. Royal Bank of Canada boosted its position in Invesco DB Agriculture Fund by 212.4% in the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after buying an additional 197,234 shares during the period. Jane Street Group LLC boosted its position in Invesco DB Agriculture Fund by 513.6% in the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock valued at $3,618,000 after buying an additional 114,965 shares during the period. Finally, Nwam LLC purchased a new position in Invesco DB Agriculture Fund in the 1st quarter valued at approximately $2,133,000. Hedge funds and other institutional investors own 38.63% of the company’s stock.

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.