Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was up 0.2% during mid-day trading on Thursday. The company traded as high as $22.29 and last traded at $22.17. Approximately 869,313 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 641,780 shares. The stock had previously closed at $22.12.
Teucrium Wheat Fund Price Performance
The company’s 50-day simple moving average is $25.27 and its 200 day simple moving average is $23.49.
Institutional Trading of Teucrium Wheat Fund
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in Teucrium Wheat Fund in the 2nd quarter valued at about $110,000. Militia Capital Management LLC purchased a new stake in Teucrium Wheat Fund during the first quarter worth about $1,843,000. Royal Bank of Canada grew its holdings in shares of Teucrium Wheat Fund by 9,855.7% in the 1st quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock worth $2,358,000 after acquiring an additional 99,050 shares during the period. Compound Planning Inc. purchased a new position in shares of Teucrium Wheat Fund in the first quarter valued at $232,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Teucrium Wheat Fund in the first quarter valued at about $974,000.
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%.
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