Teucrium Wheat Fund (NYSEARCA:WEAT) Shares to Reverse Split on Tuesday, November 25th

Shares of Teucrium Wheat Fund (NYSEARCA:WEAT) are set to reverse split on Tuesday, November 25th. The 1-5 reverse split was announced on Tuesday, November 4th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 24th.

Teucrium Wheat Fund Stock Down 1.9%

Shares of NYSEARCA WEAT opened at $4.21 on Monday. Teucrium Wheat Fund has a 12-month low of $3.99 and a 12-month high of $5.35. The stock’s fifty day simple moving average is $4.18 and its two-hundred day simple moving average is $4.36.

Hedge Funds Weigh In On Teucrium Wheat Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC acquired a new stake in shares of Teucrium Wheat Fund in the 1st quarter worth $164,000. Harbour Investments Inc. acquired a new position in shares of Teucrium Wheat Fund during the 1st quarter valued at about $41,000. Encompass More Asset Management purchased a new stake in shares of Teucrium Wheat Fund in the first quarter valued at about $4,916,000. Revisor Wealth Management LLC increased its position in Teucrium Wheat Fund by 86.3% during the second quarter. Revisor Wealth Management LLC now owns 30,699 shares of the company’s stock worth $141,000 after purchasing an additional 14,225 shares during the last quarter. Finally, Verity Asset Management Inc. increased its position in Teucrium Wheat Fund by 54.4% during the second quarter. Verity Asset Management Inc. now owns 58,106 shares of the company’s stock worth $258,000 after purchasing an additional 20,475 shares during the last quarter.

Teucrium Wheat Fund Company Profile

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%.