Teucrium Wheat Fund (NYSEARCA:WEAT – Get Rating)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $11.52, but opened at $11.19. Teucrium Wheat Fund shares last traded at $11.13, with a volume of 34,650 shares.
The firm’s 50-day moving average price is $10.80 and its 200 day moving average price is $8.99.
Several institutional investors have recently added to or reduced their stakes in WEAT. Advisory Services Network LLC bought a new position in Teucrium Wheat Fund in the 1st quarter valued at about $783,000. Royal Bank of Canada grew its position in Teucrium Wheat Fund by 751.7% in the 1st quarter. Royal Bank of Canada now owns 12,350 shares of the company’s stock valued at $122,000 after buying an additional 10,900 shares in the last quarter. Valiant Capital Management L.P. bought a new position in Teucrium Wheat Fund in the 1st quarter valued at about $12,562,000. UBS Group AG grew its position in Teucrium Wheat Fund by 186.5% in the 1st quarter. UBS Group AG now owns 12,196 shares of the company’s stock valued at $120,000 after buying an additional 7,939 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in Teucrium Wheat Fund in the 1st quarter valued at about $1,285,000.
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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