Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares crossed 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 Price Performance

The company has a market capitalization of $856.36 million, a price-to-earnings ratio of 10.07 and a beta of 0.15. The business’s 50-day moving average price is $26.23 and its two-hundred day moving average price is $25.22.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds have recently added to or reduced their stakes in DBA. Key Financial Inc boosted its holdings in shares of Invesco DB Agriculture Fund by 54.3% in the 2nd quarter. Key Financial Inc now owns 2,755 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 969 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Invesco DB Agriculture Fund in the second quarter valued at about $132,000. IHT Wealth Management LLC bought a new position in Invesco DB Agriculture Fund in the third quarter valued at about $204,000. Sender Co & Partners Inc. acquired a new position in Invesco DB Agriculture Fund during the second quarter worth about $202,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Invesco DB Agriculture Fund by 13.3% in the third quarter. Westside Investment Management Inc. now owns 8,514 shares of the exchange traded fund’s stock worth $222,000 after acquiring an additional 1,000 shares during the last quarter.

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.