Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.22 and traded as high as $26.60. Invesco DB Agriculture Fund shares last traded at $26.39, with a volume of 626,721 shares traded.

Invesco DB Agriculture Fund Stock Up 0.5 %

The firm has a market cap of $860.90 million, a P/E ratio of 10.07 and a beta of 0.15. The company has a 50 day moving average of $26.25 and a two-hundred day moving average of $25.23.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. New York Life Investment Management LLC grew its position in Invesco DB Agriculture Fund by 142.7% during the 2nd quarter. New York Life Investment Management LLC now owns 707,163 shares of the exchange traded fund’s stock worth $16,830,000 after purchasing an additional 415,738 shares in the last quarter. HighTower Advisors LLC raised its position in Invesco DB Agriculture Fund by 0.4% during the third quarter. HighTower Advisors LLC now owns 372,097 shares of the exchange traded fund’s stock valued at $9,706,000 after buying an additional 1,359 shares during the period. Capital Wealth Alliance LLC lifted its stake in Invesco DB Agriculture Fund by 2.0% in the 3rd quarter. Capital Wealth Alliance LLC now owns 252,156 shares of the exchange traded fund’s stock worth $6,582,000 after acquiring an additional 4,823 shares in the last quarter. Passaic Partners LLC grew its stake in Invesco DB Agriculture Fund by 1.2% during the 3rd quarter. Passaic Partners LLC now owns 228,795 shares of the exchange traded fund’s stock valued at $5,969,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Invesco DB Agriculture Fund by 1.2% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 164,900 shares of the exchange traded fund’s stock valued at $4,302,000 after purchasing an additional 2,000 shares during the period.

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.