Teucrium Wheat Fund (NYSEARCA:WEAT) Trading 0.7% Higher – Should You Buy?

Teucrium Wheat Fund (NYSEARCA:WEAT) was up 0.7% during mid-day trading on Thursday . The stock traded as high as $23.22 and last traded at $23.12. Approximately 734,081 shares changed hands during trading, an increase of 31% from the average daily volume of 559,629 shares. The stock had previously closed at $22.97.

Teucrium Wheat Fund Price Performance

The stock has a fifty day simple moving average of $21.73 and a two-hundred day simple moving average of $21.05.

Institutional Trading of Teucrium Wheat Fund

A number of institutional investors have recently modified their holdings of WEAT. Rockefeller Capital Management L.P. acquired a new stake in shares of Teucrium Wheat Fund in the 2nd quarter worth approximately $379,000. JPMorgan Chase & Co. purchased a new stake in Teucrium Wheat Fund during the second quarter worth $66,000. Osaic Holdings Inc. grew its holdings in Teucrium Wheat Fund by 14.2% in the second quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock valued at $101,000 after purchasing an additional 2,823 shares during the last quarter. Revisor Wealth Management LLC grew its holdings in Teucrium Wheat Fund by 145.5% in the third quarter. Revisor Wealth Management LLC now owns 75,355 shares of the company’s stock valued at $308,000 after purchasing an additional 44,656 shares during the last quarter. Finally, IMC Chicago LLC increased its position in shares of Teucrium Wheat Fund by 32.4% in the third quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock valued at $222,000 after buying an additional 13,189 shares in the last quarter.

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%.