Teucrium Wheat Fund (NYSEARCA:WEAT) Trading Down 1.9% – Time to Sell?

Teucrium Wheat Fund (NYSEARCA:WEAT) shares traded down 1.9% on Monday . The company traded as low as $20.52 and last traded at $20.57. 245,855 shares were traded during trading, an increase of 37% from the average session volume of 179,598 shares. The stock had previously closed at $20.97.

Teucrium Wheat Fund Stock Down 1.9%

The stock’s fifty day simple moving average is $20.42 and its 200 day simple moving average is $20.89.

Hedge Funds Weigh In On Teucrium Wheat Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. purchased a new stake in Teucrium Wheat Fund in the 3rd quarter valued at $14,303,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Teucrium Wheat Fund in the second quarter valued at about $379,000. Revisor Wealth Management LLC grew its holdings in shares of Teucrium Wheat Fund by 145.5% in the third quarter. Revisor Wealth Management LLC now owns 75,355 shares of the company’s stock valued at $308,000 after purchasing an additional 44,656 shares during the period. Verity Asset Management Inc. increased its position in Teucrium Wheat Fund by 54.4% during the second quarter. Verity Asset Management Inc. now owns 58,106 shares of the company’s stock worth $258,000 after purchasing an additional 20,475 shares during the last quarter. Finally, IMC Chicago LLC raised its stake in Teucrium Wheat Fund by 32.4% during the third quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock worth $222,000 after purchasing an additional 13,189 shares during the period.

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%.