Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.76 and traded as high as $25.43. Invesco DB Agriculture Fund shares last traded at $25.32, with a volume of 340,910 shares changing hands.

Invesco DB Agriculture Fund Stock Up 1.1 %

The company has a market capitalization of $821.63 million, a price-to-earnings ratio of 10.07 and a beta of 0.15. The firm has a 50 day moving average price of $25.29 and a two-hundred day moving average price of $24.76.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of institutional investors have recently made changes to their positions in DBA. Key Financial Inc grew its position in shares of Invesco DB Agriculture Fund by 54.3% during the second quarter. Key Financial Inc now owns 2,755 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 969 shares in the last quarter. International Assets Investment Management LLC bought a new position in Invesco DB Agriculture Fund during the 2nd quarter valued at $132,000. Sender Co & Partners Inc. acquired a new position in Invesco DB Agriculture Fund during the 2nd quarter worth $202,000. Wedbush Securities Inc. acquired a new position in Invesco DB Agriculture Fund during the 2nd quarter worth $235,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Invesco DB Agriculture Fund in the 1st quarter worth about $256,000.

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.