Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) shares saw strong trading volume on Thursday. Approximately 1,637,999 shares traded hands during trading, an increase of 40% from the previous session’s volume of 1,170,395 shares. The stock last traded at $27.9250 and had previously closed at $28.12.
Invesco DB Agriculture Fund Trading Down 0.2%
The company has a market cap of $1.20 billion, a P/E ratio of 11.32 and a beta of 0.12. The stock’s 50-day moving average price is $28.54 and its 200-day moving average price is $27.79.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in DBA. Fifth Third Securities Inc. raised its position in shares of Invesco DB Agriculture Fund by 10.6% during the third quarter. Fifth Third Securities Inc. now owns 24,429 shares of the exchange traded fund’s stock worth $687,000 after purchasing an additional 2,344 shares during the period. Capstone Capital Management Ltd acquired a new stake in Invesco DB Agriculture Fund in the 3rd quarter valued at $980,000. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco DB Agriculture Fund in the 3rd quarter valued at $2,051,000. Avidian Wealth Enterprises LLC acquired a new stake in Invesco DB Agriculture Fund in the 3rd quarter valued at $214,000. Finally, Envestnet Asset Management Inc. grew its position in Invesco DB Agriculture Fund by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,168 shares of the exchange traded fund’s stock valued at $698,000 after purchasing an additional 1,311 shares during the period. 38.63% of the stock is 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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