Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Passes Above 200 Day Moving Average – Time to Sell?

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.57 and traded as high as $26.87. Invesco DB Agriculture Fund shares last traded at $26.84, with a volume of 826,296 shares traded.

Invesco DB Agriculture Fund Price Performance

The stock has a market cap of $1.19 billion, a P/E ratio of 11.32 and a beta of 0.11. The firm’s 50 day simple moving average is $27.34 and its two-hundred day simple moving average is $26.57.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC bought a new position in Invesco DB Agriculture Fund in the first quarter worth about $110,000. Bank of America Corp DE grew its holdings in shares of Invesco DB Agriculture Fund by 5.1% during the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock valued at $17,435,000 after purchasing an additional 31,182 shares during the last quarter. Royal Bank of Canada raised its position in shares of Invesco DB Agriculture Fund by 212.4% during the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock worth $7,925,000 after purchasing an additional 197,234 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Invesco DB Agriculture Fund by 983.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after purchasing an additional 257,619 shares during the period. Finally, Galaxy Digital Inc. bought a new stake in shares of Invesco DB Agriculture Fund in the 1st quarter worth approximately $411,000. Institutional investors and hedge funds 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.