Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Breaks Above 200 Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $27.57 and traded as high as $28.70. Invesco DB Agriculture Fund shares last traded at $28.55, with a volume of 769,988 shares.

Invesco DB Agriculture Fund Price Performance

The stock has a 50 day moving average price of $28.31 and a two-hundred day moving average price of $27.58. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.

Institutional Trading of Invesco DB Agriculture Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Passaic Partners LLC bought a new position in Invesco DB Agriculture Fund in the 4th quarter worth approximately $9,972,000. The Manufacturers Life Insurance Company boosted its position in Invesco DB Agriculture Fund by 983.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock valued at $7,754,000 after buying an additional 257,619 shares during the last quarter. Royal Bank of Canada increased its stake in shares of 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 buying an additional 197,234 shares during the period. Nwam LLC bought a new stake in shares of Invesco DB Agriculture Fund during the first quarter worth $2,133,000. Finally, IMC Chicago LLC bought a new stake in shares of Invesco DB Agriculture Fund during the first quarter worth $1,736,000. Institutional investors and hedge funds own 38.63% of the company’s stock.

About Invesco DB Agriculture Fund

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.