Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Invesco DB Agriculture Fund (NYSEARCA:DBA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.39 and traded as high as $29.21. Invesco DB Agriculture Fund shares last traded at $29.00, with a volume of 1,539,316 shares changing hands.

Invesco DB Agriculture Fund Stock Down 1.3%

The business has a fifty day moving average of $28.12 and a 200 day moving average of $27.42. The firm has a market cap of $1.25 billion, a P/E ratio of 11.32 and a beta of 0.11.

Institutional Trading of Invesco DB Agriculture Fund

A number of large investors have recently made changes to their positions in DBA. Passaic Partners LLC acquired a new position in shares of Invesco DB Agriculture Fund in the 4th quarter valued at approximately $9,972,000. The Manufacturers Life Insurance Company raised its holdings in shares of Invesco DB Agriculture Fund by 983.2% during the first quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after acquiring an additional 257,619 shares during the period. Royal Bank of Canada lifted its position in Invesco DB Agriculture Fund by 212.4% in the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after acquiring an additional 197,234 shares in the last quarter. Jane Street Group LLC boosted its stake in Invesco DB Agriculture Fund by 513.6% in the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock worth $3,618,000 after purchasing an additional 114,965 shares during the period. Finally, Nwam LLC bought a new position in Invesco DB Agriculture Fund during the 1st quarter worth about $2,133,000. 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.