Teucrium Wheat Fund (NYSEARCA:WEAT) Trading Up 0.4% – Still a Buy?

Teucrium Wheat Fund (NYSEARCA:WEATGet Free Report)’s stock price shot up 0.4% during trading on Tuesday . The stock traded as high as $24.67 and last traded at $24.62. Approximately 491,076 shares were traded during trading, a decline of 28% from the average session volume of 680,306 shares. The stock had previously closed at $24.52.

Teucrium Wheat Fund Stock Up 0.4%

The business’s fifty day simple moving average is $23.43 and its two-hundred day simple moving average is $22.67.

Institutional Investors Weigh In On Teucrium Wheat Fund

Several hedge funds have recently made changes to their positions in WEAT. JPMorgan Chase & Co. bought a new stake in shares of Teucrium Wheat Fund in the second quarter valued at about $66,000. Osaic Holdings Inc. increased its stake in Teucrium Wheat Fund by 14.2% during the second quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock valued at $101,000 after acquiring an additional 2,823 shares during the period. US Bancorp DE bought a new position in Teucrium Wheat Fund during the third quarter valued at about $41,000. PenderFund Capital Management Ltd. acquired a new position in Teucrium Wheat Fund in the 3rd quarter valued at approximately $14,303,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Teucrium Wheat Fund in the 3rd quarter valued at approximately $29,000.

About Teucrium Wheat Fund

(Get Free Report)

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%.

Further Reading

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