Teucrium Wheat Fund (NYSEARCA:WEAT) Stock Price Up 0.7% – What’s Next?

Teucrium Wheat Fund (NYSEARCA:WEAT)’s share price shot up 0.7% during mid-day trading on Thursday . The company traded as high as $23.22 and last traded at $23.12. 734,081 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 559,629 shares. The stock had previously closed at $22.97.

Teucrium Wheat Fund Stock Up 0.7%

The stock has a 50 day moving average of $21.67 and a 200 day moving average of $21.04.

Institutional Investors Weigh In On Teucrium Wheat Fund

A number of institutional investors have recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new position in Teucrium Wheat Fund during the third quarter worth $29,000. US Bancorp DE acquired a new stake in shares of Teucrium Wheat Fund during the third quarter worth $41,000. Vawter Financial Ltd. bought a new position in shares of Teucrium Wheat Fund in the 3rd quarter worth about $44,000. GK Wealth Management LLC bought a new position in shares of Teucrium Wheat Fund in the 3rd quarter worth about $45,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Teucrium Wheat Fund in the 2nd quarter valued at about $66,000.

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%.