Invesco DB Agriculture Fund (NYSEARCA:DBA) Share Price Passes Above 200-Day Moving Average – What’s Next?

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.13 and traded as high as $27.64. Invesco DB Agriculture Fund shares last traded at $27.64, with a volume of 118,427 shares changing hands.

Invesco DB Agriculture Fund Stock Performance

The company’s fifty day simple moving average is $26.01 and its two-hundred day simple moving average is $25.13. The company has a market capitalization of $896.92 million, a price-to-earnings ratio of 10.07 and a beta of 0.15.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Key Financial Inc increased its position in Invesco DB Agriculture Fund by 54.3% in the second quarter. Key Financial Inc now owns 2,755 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 969 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Invesco DB Agriculture Fund in the 2nd quarter worth about $132,000. Sender Co & Partners Inc. bought a new stake in Invesco DB Agriculture Fund in the 2nd quarter valued at about $202,000. IHT Wealth Management LLC acquired a new position in Invesco DB Agriculture Fund during the 3rd quarter valued at about $204,000. Finally, Westside Investment Management Inc. grew its position in Invesco DB Agriculture Fund by 13.3% in the 3rd quarter. Westside Investment Management Inc. now owns 8,514 shares of the exchange traded fund’s stock worth $222,000 after purchasing an additional 1,000 shares during the last quarter.

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.