Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Large Volume Increase – What’s Next?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw unusually-high trading volume on Wednesday . 1,577,304 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 1,156,295 shares.The stock last traded at $27.66 and had previously closed at $27.66.

Invesco DB Agriculture Fund Stock Down 0.1%

The firm has a market cap of $1.23 billion, a PE ratio of 11.32 and a beta of 0.11. The business has a 50 day simple moving average of $27.19 and a two-hundred day simple moving average of $26.90.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in Invesco DB Agriculture Fund by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock worth $23,711,000 after acquiring an additional 19,922 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco DB Agriculture Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after purchasing an additional 31,182 shares in the last quarter. HighTower Advisors LLC increased its holdings in Invesco DB Agriculture Fund by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock worth $12,180,000 after purchasing an additional 4,686 shares during the period. JPMorgan Chase & Co. increased its holdings in Invesco DB Agriculture Fund by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock worth $10,393,000 after purchasing an additional 23,609 shares during the period. Finally, Passaic Partners LLC purchased a new position in Invesco DB Agriculture Fund during the 4th quarter worth $9,972,000. Institutional investors own 38.63% of the company’s stock.

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. The proceeds from the offering of Shares are invested in the Master Fund.