Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Unusually-High Trading Volume – Still a Buy?

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares saw an uptick in trading volume on Tuesday . 1,762,104 shares were traded during trading, an increase of 48% from the previous session’s volume of 1,191,896 shares.The stock last traded at $28.8950 and had previously closed at $28.96.

Invesco DB Agriculture Fund Price Performance

The firm’s fifty day moving average price is $28.19 and its 200-day moving average price is $27.46. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.

Institutional Trading of Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gemmer Asset Management LLC bought a new position in Invesco DB Agriculture Fund during the 2nd quarter valued at $1,206,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco DB Agriculture Fund in the 2nd quarter worth approximately $29,000. NewEdge Advisors LLC grew its holdings in shares of Invesco DB Agriculture Fund by 6.6% in the second quarter. NewEdge Advisors LLC now owns 17,727 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 1,097 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Invesco DB Agriculture Fund by 4.5% in the second quarter. HighTower Advisors LLC now owns 479,815 shares of the exchange traded fund’s stock valued at $12,797,000 after acquiring an additional 20,626 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Invesco DB Agriculture Fund during the second quarter valued at approximately $662,000. Institutional investors 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.