Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.58 and traded as high as $26.74. Invesco DB Agriculture Fund shares last traded at $26.51, with a volume of 2,364,372 shares traded.

Invesco DB Agriculture Fund Trading Up 0.7%

The company has a fifty day moving average of $27.29 and a 200-day moving average of $26.58. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Eastern Bank acquired a new stake in Invesco DB Agriculture Fund during the 2nd quarter worth approximately $347,000. Western Wealth Management LLC purchased a new position in shares of Invesco DB Agriculture Fund in the 1st quarter valued at about $110,000. Bank of America Corp DE raised its holdings in Invesco DB Agriculture Fund by 5.1% during the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after purchasing an additional 31,182 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Invesco DB Agriculture Fund by 212.4% during the first quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock worth $7,925,000 after purchasing an additional 197,234 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Invesco DB Agriculture Fund by 983.2% during the first quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after buying an additional 257,619 shares during the period. Hedge funds and other institutional investors own 38.63% of the company’s stock.

About Invesco DB Agriculture Fund

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.