Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.52 and traded as high as $27.59. Invesco DB Agriculture Fund shares last traded at $27.58, with a volume of 583,203 shares.

Invesco DB Agriculture Fund Price Performance

The company’s 50-day simple moving average is $27.47 and its 200-day simple moving average is $26.53. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 11.32 and a beta of 0.12.

Institutional Trading of Invesco DB Agriculture Fund

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new stake in Invesco DB Agriculture Fund in the first quarter valued at approximately $210,000. PFG Investments LLC grew its position in Invesco DB Agriculture Fund by 5.5% in the first quarter. PFG Investments LLC now owns 63,485 shares of the exchange traded fund’s stock valued at $1,734,000 after acquiring an additional 3,310 shares in the last quarter. Canal Capital Management LLC acquired a new stake in Invesco DB Agriculture Fund in the first quarter valued at approximately $276,000. Daiwa Securities Group Inc. grew its position in Invesco DB Agriculture Fund by 11.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 177,600 shares of the exchange traded fund’s stock valued at $4,532,000 after acquiring an additional 18,300 shares in the last quarter. Finally, Intellectus Partners LLC grew its position in Invesco DB Agriculture Fund by 8.1% in the fourth quarter. Intellectus Partners LLC now owns 36,042 shares of the exchange traded fund’s stock valued at $920,000 after acquiring an additional 2,697 shares in the last quarter. Institutional investors and hedge funds 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.