Teucrium Wheat Fund Stock Scheduled to Reverse Split on Tuesday, November 25th (NYSEARCA:WEAT)

Teucrium Wheat Fund (NYSEARCA:WEAT)’s stock is set to reverse split on the morning of Tuesday, November 25th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 24th.

Teucrium Wheat Fund Price Performance

WEAT stock opened at $4.29 on Thursday. The business’s 50-day moving average price is $4.17 and its 200-day moving average price is $4.36. Teucrium Wheat Fund has a twelve month low of $3.99 and a twelve month high of $5.35.

Hedge Funds Weigh In On Teucrium Wheat Fund

Several large investors have recently added to or reduced their stakes in the company. IMC Chicago LLC increased its stake in shares of Teucrium Wheat Fund by 32.4% in the third quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock worth $222,000 after purchasing an additional 13,189 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Teucrium Wheat Fund during the 1st quarter valued at $164,000. Revisor Wealth Management LLC boosted its holdings in Teucrium Wheat Fund by 86.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 30,699 shares of the company’s stock worth $141,000 after buying an additional 14,225 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Teucrium Wheat Fund in the 2nd quarter worth $379,000. Finally, JPMorgan Chase & Co. purchased a new stake in Teucrium Wheat Fund in the 2nd quarter worth $66,000.

Teucrium Wheat Fund Company Profile

Teucrium Wheat Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Fund provides investors unleveraged direct exposure to wheat without the need for a futures account. The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), which includes the second-to-expire CBOT Wheat Futures Contract, weighted 35%; the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and the CBOT Wheat Futures Contract, weighted 35%.