Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.63 and traded as high as $27.88. Invesco DB Agriculture Fund shares last traded at $27.72, with a volume of 171,831 shares traded.

Invesco DB Agriculture Fund Stock Performance

The company has a market cap of $899.51 million, a PE ratio of 10.07 and a beta of 0.15. The stock has a 50 day moving average of $26.90 and a 200-day moving average of $25.63.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of institutional investors have recently modified their holdings of DBA. Ignite Planners LLC purchased a new position in shares of Invesco DB Agriculture Fund during the 3rd quarter valued at about $469,000. WT Wealth Management purchased a new position in shares of Invesco DB Agriculture Fund during the 3rd quarter valued at about $327,000. Kingsview Wealth Management LLC purchased a new position in shares of Invesco DB Agriculture Fund in the 3rd quarter valued at about $330,000. JPMorgan Chase & Co. increased its stake in shares of Invesco DB Agriculture Fund by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 664,397 shares of the exchange traded fund’s stock valued at $17,334,000 after purchasing an additional 10,344 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Invesco DB Agriculture Fund by 50.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 28,088 shares of the exchange traded fund’s stock valued at $747,000 after purchasing an additional 9,378 shares in 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.