Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) saw unusually-high trading volume on Wednesday . 1,577,304 shares were traded during trading, an increase of 36% from the previous session’s volume of 1,156,295 shares.The stock last traded at $27.66 and had previously closed at $27.66.
Invesco DB Agriculture Fund Stock Down 0.1%
The firm has a market cap of $1.23 billion, a PE ratio of 11.32 and a beta of 0.11. The company’s 50 day moving average price is $27.19 and its two-hundred day moving average price is $26.90.
Hedge Funds Weigh In On Invesco DB Agriculture Fund
Several hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Invesco DB Agriculture Fund in the fourth quarter worth about $30,000. Group One Trading LLC bought a new position in shares of Invesco DB Agriculture Fund during the second quarter valued at approximately $36,000. Advisory Services Network LLC bought a new position in shares of Invesco DB Agriculture Fund during the third quarter valued at approximately $41,000. Aptus Capital Advisors LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the fourth quarter worth approximately $60,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Invesco DB Agriculture Fund in the fourth quarter worth approximately $63,000. 38.63% of the stock is currently owned by 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.
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