Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $27.33 and traded as low as $27.07. Invesco DB Agriculture Fund shares last traded at $27.11, with a volume of 974,344 shares trading hands.
Invesco DB Agriculture Fund Trading Down 1.1%
The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 11.32 and a beta of 0.12. The company has a fifty day moving average price of $28.48 and a 200-day moving average price of $27.33.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco DB Agriculture Fund in the 2nd quarter valued at $29,000. Western Wealth Management LLC purchased a new stake in Invesco DB Agriculture Fund during the first quarter worth $110,000. Avidian Wealth Enterprises LLC purchased a new stake in Invesco DB Agriculture Fund during the third quarter worth $214,000. Apollon Wealth Management LLC acquired a new stake in Invesco DB Agriculture Fund during the first quarter valued at $210,000. Finally, Sanctuary Advisors LLC acquired a new stake in Invesco DB Agriculture Fund during the first quarter valued at $265,000. 38.63% of the stock is currently owned by hedge funds and other institutional investors.
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. The proceeds from the offering of Shares are invested in the Master Fund.
Featured Articles
- Five stocks we like better than Invesco DB Agriculture Fund
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for Invesco DB Agriculture Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Agriculture Fund and related companies with MarketBeat.com's FREE daily email newsletter.
