Teucrium Wheat Fund (NYSEARCA:WEAT) Stock Price Down 0.6% – What’s Next?

Teucrium Wheat Fund (NYSEARCA:WEAT) dropped 0.6% during mid-day trading on Thursday. The company traded as low as $24.75 and last traded at $24.76. Approximately 222,596 shares changed hands during trading, a decline of 66% from the average session volume of 656,671 shares. The stock had previously closed at $24.90.

Teucrium Wheat Fund Stock Down 0.6%

The stock’s 50 day simple moving average is $25.57 and its two-hundred day simple moving average is $24.18.

Institutional Investors Weigh In On Teucrium Wheat Fund

Several institutional investors have recently added to or reduced their stakes in WEAT. NewEdge Advisors LLC bought a new position in Teucrium Wheat Fund during the 2nd quarter worth about $110,000. Militia Capital Management LLC acquired a new stake in shares of Teucrium Wheat Fund in the 1st quarter valued at about $1,843,000. Royal Bank of Canada lifted its holdings in shares of Teucrium Wheat Fund by 9,855.7% in the first quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock valued at $2,358,000 after purchasing an additional 99,050 shares in the last quarter. Compound Planning Inc. bought a new stake in shares of Teucrium Wheat Fund in the first quarter valued at about $232,000. Finally, Cetera Investment Advisers acquired a new position in shares of Teucrium Wheat Fund during the first quarter worth about $974,000.

Teucrium Wheat Fund Company Profile

Teucrium Wheat Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Fund provides investors unleveraged direct exposure to wheat without the need for a futures account. The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), which includes the second-to-expire CBOT Wheat Futures Contract, weighted 35%; the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and the CBOT Wheat Futures Contract, weighted 35%.