Invesco DB Agriculture Fund (NYSEARCA:DBA) Hits New 1-Year High – Should You Buy?

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s stock price reached a new 52-week high on Monday . The stock traded as high as $28.38 and last traded at $28.3740, with a volume of 586158 shares. The stock had previously closed at $27.97.

Invesco DB Agriculture Fund Stock Performance

The business’s fifty day moving average is $26.99 and its 200-day moving average is $26.37. The firm has a market cap of $1.02 billion, a P/E ratio of 11.32 and a beta of 0.12.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Several large investors have recently modified their holdings of DBA. Advyzon Investment Management LLC lifted its holdings in shares of Invesco DB Agriculture Fund by 6.2% during the third quarter. Advyzon Investment Management LLC now owns 8,947 shares of the exchange traded fund’s stock worth $239,000 after purchasing an additional 523 shares during the period. M Holdings Securities Inc. increased its holdings in Invesco DB Agriculture Fund by 3.8% in the fourth quarter. M Holdings Securities Inc. now owns 17,244 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 627 shares during the period. Sound Income Strategies LLC raised its position in Invesco DB Agriculture Fund by 24.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,339 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 655 shares during the last quarter. Camelot Technology Advisors Inc. raised its position in Invesco DB Agriculture Fund by 2.6% during the 4th quarter. Camelot Technology Advisors Inc. now owns 25,940 shares of the exchange traded fund’s stock worth $662,000 after purchasing an additional 666 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Invesco DB Agriculture Fund by 10.2% during the 4th quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock worth $210,000 after buying an additional 765 shares during the period. Institutional investors 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.