Invesco DB Agriculture Fund (NYSEARCA:DBA) Share Price Breaks Below 200 Day Moving Average – What’s Next?

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $27.33 and traded as low as $27.07. Invesco DB Agriculture Fund shares last traded at $27.11, with a volume of 974,344 shares traded.

Invesco DB Agriculture Fund Price Performance

The firm has a market cap of $1.16 billion, a P/E ratio of 11.32 and a beta of 0.12. The stock has a 50 day moving average of $28.43 and a 200 day moving average of $27.34.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in Invesco DB Agriculture Fund by 6.6% during the second quarter. NewEdge Advisors LLC now owns 17,727 shares of the exchange traded fund’s stock valued at $473,000 after buying an additional 1,097 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Invesco DB Agriculture Fund during the second quarter valued at about $29,000. Envestnet Asset Management Inc. increased its holdings in shares of Invesco DB Agriculture Fund by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 26,168 shares of the exchange traded fund’s stock worth $698,000 after buying an additional 1,311 shares during the period. Atria Investments Inc increased its holdings in shares of Invesco DB Agriculture Fund by 5.8% in the second quarter. Atria Investments Inc now owns 27,338 shares of the exchange traded fund’s stock worth $729,000 after buying an additional 1,492 shares during the period. Finally, Fifth Third Securities Inc. increased its holdings in shares of Invesco DB Agriculture Fund by 10.6% in the third quarter. Fifth Third Securities Inc. now owns 24,429 shares of the exchange traded fund’s stock worth $687,000 after buying an additional 2,344 shares during the period. 38.63% of the stock is currently owned by hedge funds and other institutional investors.

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.