Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Unusually-High Trading Volume – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares saw strong trading volume on Wednesday . 1,402,909 shares traded hands during mid-day trading, an increase of 218% from the previous session’s volume of 441,553 shares.The stock last traded at $26.6350 and had previously closed at $26.61.

Invesco DB Agriculture Fund Stock Up 0.3%

The company has a market capitalization of $751.18 million, a price-to-earnings ratio of 11.32 and a beta of 0.21. The firm has a 50 day moving average price of $25.85 and a two-hundred day moving average price of $26.34.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in Invesco DB Agriculture Fund by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock valued at $23,711,000 after acquiring an additional 19,922 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Invesco DB Agriculture Fund by 8.5% during the second quarter. 1832 Asset Management L.P. now owns 555,547 shares of the exchange traded fund’s stock worth $14,528,000 after purchasing an additional 43,319 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Invesco DB Agriculture Fund by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock valued at $12,180,000 after acquiring an additional 4,686 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco DB Agriculture Fund by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock valued at $10,393,000 after acquiring an additional 23,609 shares in the last quarter. Finally, Passaic Partners LLC bought a new position in Invesco DB Agriculture Fund during the fourth quarter worth $9,972,000. 38.63% of the stock is owned by institutional investors and hedge funds.

Invesco DB Agriculture Fund Company Profile

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.