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

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.63 and traded as high as $27.88. Invesco DB Agriculture Fund shares last traded at $27.72, with a volume of 171,831 shares trading hands.

Invesco DB Agriculture Fund Price Performance

The company has a market cap of $895.62 million, a price-to-earnings ratio of 10.07 and a beta of 0.15. The business’s fifty day moving average price is $26.92 and its 200 day moving average price is $25.66.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds have recently bought and sold shares of DBA. Global Retirement Partners LLC lifted its stake in Invesco DB Agriculture Fund by 25.3% in the fourth quarter. Global Retirement Partners LLC now owns 8,476 shares of the exchange traded fund’s stock valued at $225,000 after buying an additional 1,710 shares during the period. WestEnd Advisors LLC bought a new stake in shares of Invesco DB Agriculture Fund in the 4th quarter valued at $108,000. Kingsview Wealth Management LLC lifted its position in shares of Invesco DB Agriculture Fund by 61.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 20,437 shares of the exchange traded fund’s stock valued at $543,000 after acquiring an additional 7,770 shares during the period. Financial Advocates Investment Management boosted its stake in Invesco DB Agriculture Fund by 2.1% during the fourth quarter. Financial Advocates Investment Management now owns 54,489 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 1,133 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Invesco DB Agriculture Fund by 7.4% in the fourth quarter. PFG Investments LLC now owns 16,483 shares of the exchange traded fund’s stock worth $438,000 after purchasing an additional 1,139 shares during the period.

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.