Invesco DB Agriculture Fund (NYSEARCA:DBA) Share Price Crosses Above 200-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 Monday . The stock has a 200-day moving average of $24.76 and traded as high as $25.48. Invesco DB Agriculture Fund shares last traded at $25.36, with a volume of 221,809 shares changing hands.

Invesco DB Agriculture Fund Trading Down 0.2 %

The stock has a market cap of $822.93 million, a price-to-earnings ratio of 10.07 and a beta of 0.15. The company’s fifty day moving average is $25.13 and its two-hundred day moving average is $24.76.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management grew its stake in shares of Invesco DB Agriculture Fund by 1.6% in the second quarter. Financial Advocates Investment Management now owns 52,768 shares of the exchange traded fund’s stock worth $1,256,000 after acquiring an additional 850 shares in the last quarter. Key Financial Inc grew its stake in Invesco DB Agriculture Fund by 54.3% during the 2nd quarter. Key Financial Inc now owns 2,755 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 969 shares in the last quarter. Tidal Investments LLC grew its stake in Invesco DB Agriculture Fund by 2.8% during the 1st quarter. Tidal Investments LLC now owns 38,313 shares of the exchange traded fund’s stock worth $949,000 after purchasing an additional 1,036 shares in the last quarter. Capital Wealth Alliance LLC increased its holdings in Invesco DB Agriculture Fund by 0.8% during the 1st quarter. Capital Wealth Alliance LLC now owns 180,138 shares of the exchange traded fund’s stock worth $4,460,000 after purchasing an additional 1,475 shares during the period. Finally, ARS Investment Partners LLC raised its position in Invesco DB Agriculture Fund by 8.6% in the 2nd quarter. ARS Investment Partners LLC now owns 29,389 shares of the exchange traded fund’s stock valued at $699,000 after purchasing an additional 2,329 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.