Invesco DB Agriculture Fund (NYSEARCA:DBA) Hits New 52-Week High – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.33 and last traded at $28.29, with a volume of 2653953 shares. The stock had previously closed at $28.11.

Invesco DB Agriculture Fund Stock Performance

The company has a 50 day moving average of $26.87 and a 200-day moving average of $26.34. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 11.32 and a beta of 0.12.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

A number of hedge funds have recently bought and sold shares of DBA. Jane Street Group LLC raised its position in Invesco DB Agriculture Fund by 513.6% in the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock valued at $3,618,000 after purchasing an additional 114,965 shares in the last quarter. Creative Planning raised its position in Invesco DB Agriculture Fund by 28.2% in the 2nd quarter. Creative Planning now owns 11,804 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 2,600 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Invesco DB Agriculture Fund by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 151,500 shares of the exchange traded fund’s stock valued at $3,962,000 after purchasing an additional 7,800 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Invesco DB Agriculture Fund by 48.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,229 shares of the exchange traded fund’s stock valued at $2,281,000 after purchasing an additional 28,505 shares in the last quarter. Finally, Main Street Financial Solutions LLC acquired a new stake in Invesco DB Agriculture Fund in the 2nd quarter valued at about $427,000. Institutional investors and hedge funds own 38.63% of the company’s stock.

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.