Invesco DB Agriculture Fund (NYSEARCA:DBA) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.53 and traded as high as $26.94. Invesco DB Agriculture Fund shares last traded at $26.93, with a volume of 411,616 shares.

Invesco DB Agriculture Fund Stock Up 2.2 %

The firm has a market cap of $837.52 million, a P/E ratio of 11.37 and a beta of 0.21. The stock’s 50-day moving average is $27.16 and its 200-day moving average is $26.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Accredited Wealth Management LLC acquired a new stake in Invesco DB Agriculture Fund during the fourth quarter worth about $29,000. Providence First Trust Co bought a new stake in shares of Invesco DB Agriculture Fund in the 4th quarter worth approximately $35,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Invesco DB Agriculture Fund during the 4th quarter worth approximately $55,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Invesco DB Agriculture Fund during the 4th quarter worth approximately $65,000. Finally, HM Payson & Co. bought a new stake in shares of Invesco DB Agriculture Fund during the fourth quarter valued at approximately $72,000.

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.