Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report)’s share price traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $23.11 and last traded at $23.09. Approximately 412,362 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 696,663 shares. The stock had previously closed at $22.93.
Teucrium Wheat Fund Trading Up 0.7%
The firm’s 50-day moving average is $23.36 and its 200 day moving average is $22.21.
Hedge Funds Weigh In On Teucrium Wheat Fund
A number of hedge funds have recently modified their holdings of WEAT. JPMorgan Chase & Co. bought a new stake in shares of Teucrium Wheat Fund in the second quarter worth $66,000. Osaic Holdings Inc. lifted its holdings in Teucrium Wheat Fund by 14.2% during the 2nd quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock worth $101,000 after buying an additional 2,823 shares during the period. US Bancorp DE acquired a new position in Teucrium Wheat Fund during the 3rd quarter worth about $41,000. PenderFund Capital Management Ltd. bought a new stake in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $14,303,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $29,000.
About Teucrium Wheat Fund
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%.
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