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

Invesco DB Agriculture Fund (NYSEARCA:DBA) saw unusually-high trading volume on Thursday . Approximately 687,092 shares traded hands during trading, an increase of 136% from the previous session’s volume of 291,705 shares.The stock last traded at $26.36 and had previously closed at $26.12.

Invesco DB Agriculture Fund Price Performance

The stock has a 50 day moving average price of $25.81 and a two-hundred day moving average price of $26.36. The firm has a market capitalization of $751.89 million, a price-to-earnings ratio of 11.32 and a beta of 0.21.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of DBA. Wells Fargo & Company MN lifted its position in shares of Invesco DB Agriculture Fund by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 929,129 shares of the exchange traded fund’s stock worth $23,711,000 after purchasing an additional 19,922 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Invesco DB Agriculture Fund by 8.5% in the second quarter. 1832 Asset Management L.P. now owns 555,547 shares of the exchange traded fund’s stock valued at $14,528,000 after purchasing an additional 43,319 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Invesco DB Agriculture Fund by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 477,287 shares of the exchange traded fund’s stock valued at $12,180,000 after purchasing an additional 4,686 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco DB Agriculture Fund by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 407,253 shares of the exchange traded fund’s stock worth $10,393,000 after buying an additional 23,609 shares during the period. Finally, Passaic Partners LLC purchased a new stake in Invesco DB Agriculture Fund during the 4th quarter worth approximately $9,972,000. 38.63% of the stock is currently owned by hedge funds and other institutional investors.

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. The proceeds from the offering of Shares are invested in the Master Fund.