Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Down 0.2%

Teucrium Wheat Fund (NYSEARCA:WEAT) was down 0.2% during trading on Thursday . The stock traded as low as $5.19 and last traded at $5.20. Approximately 235,703 shares changed hands during trading, a decline of 60% from the average daily volume of 584,846 shares. The stock had previously closed at $5.21.

Teucrium Wheat Fund Trading Up 2.7 %

The firm’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $5.61.

Institutional Trading of Teucrium Wheat Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in Teucrium Wheat Fund by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 1,298,974 shares of the company’s stock worth $11,885,000 after acquiring an additional 559,078 shares during the period. LPL Financial LLC grew its position in shares of Teucrium Wheat Fund by 564.3% in the second quarter. LPL Financial LLC now owns 608,189 shares of the company’s stock valued at $5,498,000 after purchasing an additional 516,629 shares during the period. TAP Consulting LLC acquired a new position in Teucrium Wheat Fund in the third quarter valued at $2,397,000. Wells Fargo & Company MN purchased a new position in Teucrium Wheat Fund during the second quarter worth about $2,271,000. Finally, Royal Bank of Canada lifted its position in Teucrium Wheat Fund by 6.8% during the third quarter. Royal Bank of Canada now owns 160,664 shares of the company’s stock worth $895,000 after buying an additional 10,283 shares during the period.

About Teucrium Wheat Fund

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%.