Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Pass Above 200-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 Monday . The stock has a two hundred day moving average of $26.70 and traded as high as $26.77. Invesco DB Agriculture Fund shares last traded at $26.74, with a volume of 146,104 shares trading hands.

Invesco DB Agriculture Fund Price Performance

The firm’s 50 day moving average is $26.94 and its 200 day moving average is $26.70. The company has a market capitalization of $790.17 million, a PE ratio of 11.32 and a beta of 0.18.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading LLC bought a new stake in shares of Invesco DB Agriculture Fund in the second quarter worth about $36,000. Harbour Investments Inc. lifted its holdings in Invesco DB Agriculture Fund by 2,444.4% in the 1st quarter. Harbour Investments Inc. now owns 3,206 shares of the exchange traded fund’s stock worth $84,000 after buying an additional 3,080 shares during the period. WestEnd Advisors LLC purchased a new stake in Invesco DB Agriculture Fund in the 2nd quarter worth approximately $102,000. PNC Financial Services Group Inc. grew its position in shares of Invesco DB Agriculture Fund by 42.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,317 shares of the exchange traded fund’s stock worth $139,000 after buying an additional 1,588 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Invesco DB Agriculture Fund in the 2nd quarter worth approximately $145,000. 38.63% of the stock is owned by institutional investors.

About Invesco DB Agriculture Fund

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.