Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Unusually-High Trading Volume – Still a Buy?

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares saw strong trading volume on Monday . Approximately 1,076,500 shares changed hands during trading, a decline of 11% from the previous session’s volume of 1,209,244 shares.The stock last traded at $26.7450 and had previously closed at $26.63.

Invesco DB Agriculture Fund Stock Up 0.2%

The business has a fifty day simple moving average of $27.33 and a 200 day simple moving average of $26.57. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in Invesco DB Agriculture Fund by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock worth $23,711,000 after buying an additional 19,922 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco DB Agriculture Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock valued at $17,435,000 after buying an additional 31,182 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco DB Agriculture Fund by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock valued at $12,180,000 after acquiring an additional 4,686 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Invesco DB Agriculture Fund by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock valued at $10,393,000 after acquiring an additional 23,609 shares during the period. Finally, Passaic Partners LLC purchased a new stake in shares of Invesco DB Agriculture Fund during the 4th quarter worth approximately $9,972,000. 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.