Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.75 and traded as high as $26.05. Invesco DB Agriculture Fund shares last traded at $26.00, with a volume of 293,719 shares.

Invesco DB Agriculture Fund Stock Performance

The firm has a fifty day moving average price of $25.51 and a 200 day moving average price of $24.75. The company has a market cap of $843.70 million, a price-to-earnings ratio of 10.07 and a beta of 0.15.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of DBA. National Bank of Canada FI increased its holdings in shares of Invesco DB Agriculture Fund by 6.9% in the third quarter. National Bank of Canada FI now owns 30,295 shares of the exchange traded fund’s stock valued at $790,000 after purchasing an additional 1,960 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in Invesco DB Agriculture Fund by 7.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 25,083 shares of the exchange traded fund’s stock valued at $654,000 after buying an additional 1,685 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Invesco DB Agriculture Fund in the 3rd quarter valued at about $204,000. Itau Unibanco Holding S.A. raised its holdings in Invesco DB Agriculture Fund by 1.2% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 164,900 shares of the exchange traded fund’s stock valued at $4,302,000 after acquiring an additional 2,000 shares during the period. Finally, HighTower Advisors LLC lifted its position in Invesco DB Agriculture Fund by 0.4% during the third quarter. HighTower Advisors LLC now owns 372,097 shares of the exchange traded fund’s stock worth $9,706,000 after acquiring an additional 1,359 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.