Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.52 and last traded at $29.49, with a volume of 3551316 shares changing hands. The stock had previously closed at $29.32.
Invesco DB Agriculture Fund Stock Down 0.6%
The stock has a 50-day moving average price of $27.89 and a 200 day moving average price of $27.31. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.32 and a beta of 0.11.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M Holdings Securities Inc. increased its position in shares of Invesco DB Agriculture Fund by 3.8% in the 4th quarter. M Holdings Securities Inc. now owns 17,244 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 627 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Invesco DB Agriculture Fund by 10.2% during the fourth quarter. Global Retirement Partners LLC now owns 8,241 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 765 shares in the last quarter. &PARTNERS grew its stake in shares of Invesco DB Agriculture Fund by 3.4% during the fourth 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 purchased a new position in Invesco DB Agriculture Fund in the fourth quarter valued at $30,000. Finally, National Bank of Canada FI increased its holdings in 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 during the last quarter. Institutional investors and hedge funds own 38.63% of the company’s stock.
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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