Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Gap Down – Time to Sell?

Invesco DB Agriculture Fund (NYSEARCA:DBA) gapped down prior to trading on Monday . The stock had previously closed at $26.20, but opened at $25.45. Invesco DB Agriculture Fund shares last traded at $25.4750, with a volume of 143,507 shares trading hands.

Invesco DB Agriculture Fund Price Performance

The business’s 50 day simple moving average is $26.38 and its 200 day simple moving average is $26.56. The stock has a market cap of $739.18 million, a P/E ratio of 11.32 and a beta of 0.21.

Institutional Trading of Invesco DB Agriculture Fund

Several institutional investors have recently bought and sold shares of DBA. Kestra Advisory Services LLC raised its stake in Invesco DB Agriculture Fund by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 435,230 shares of the exchange traded fund’s stock worth $11,464,000 after acquiring an additional 15,273 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Invesco DB Agriculture Fund by 13.7% in the 1st quarter. Itau Unibanco Holding S.A. now owns 166,200 shares of the exchange traded fund’s stock valued at $4,378,000 after purchasing an additional 20,000 shares in the last quarter. Guardian Partners Inc. bought a new stake in shares of Invesco DB Agriculture Fund in the 1st quarter worth about $565,000. Jane Street Group LLC increased its position in shares of Invesco DB Agriculture Fund by 513.6% during the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock worth $3,618,000 after purchasing an additional 114,965 shares in the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of Invesco DB Agriculture Fund by 10.4% during the 1st quarter. Modern Wealth Management LLC now owns 15,661 shares of the exchange traded fund’s stock worth $413,000 after purchasing an additional 1,479 shares in the last quarter. Institutional investors and hedge funds own 38.63% of the company’s stock.

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.