Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $28.84 and last traded at $28.7750, with a volume of 529828 shares trading hands. The stock had previously closed at $28.59.
Invesco DB Agriculture Fund Stock Performance
The firm has a market capitalization of $1.25 billion, a P/E ratio of 11.32 and a beta of 0.11. The firm has a 50 day moving average price of $27.58 and a two-hundred day moving average price of $27.16.
Institutional Investors Weigh In On Invesco DB Agriculture Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M Holdings Securities Inc. increased its stake in shares of Invesco DB Agriculture Fund by 3.8% during the fourth quarter. M Holdings Securities Inc. now owns 17,244 shares of the exchange traded fund’s stock worth $440,000 after purchasing an additional 627 shares during the period. Global Retirement Partners LLC grew its stake in shares of Invesco DB Agriculture Fund by 10.2% in the fourth quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock valued at $210,000 after acquiring an additional 765 shares in the last quarter. &PARTNERS grew its position in shares of Invesco DB Agriculture Fund by 3.4% during the 4th quarter. &PARTNERS now owns 26,508 shares of the exchange traded fund’s stock worth $676,000 after purchasing an additional 864 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco DB Agriculture Fund during the fourth quarter worth approximately $30,000. Finally, National Bank of Canada FI raised its position in shares of Invesco DB Agriculture Fund by 3.9% in the third quarter. National Bank of Canada FI now owns 32,100 shares of the exchange traded fund’s stock valued at $859,000 after buying an additional 1,195 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors and hedge funds.
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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