Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.75 and traded as high as $26.05. Invesco DB Agriculture Fund shares last traded at $26.00, with a volume of 293,719 shares traded.

Invesco DB Agriculture Fund Stock Performance

The company has a market cap of $843.70 million, a PE ratio of 10.07 and a beta of 0.15. The stock has a 50 day moving average of $25.51 and a 200-day moving average of $24.75.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBA. New York Life Investment Management LLC raised its stake in Invesco DB Agriculture Fund by 142.7% in the 2nd quarter. New York Life Investment Management LLC now owns 707,163 shares of the exchange traded fund’s stock worth $16,830,000 after acquiring an additional 415,738 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Invesco DB Agriculture Fund by 294.7% during the 1st quarter. Jane Street Group LLC now owns 392,913 shares of the exchange traded fund’s stock valued at $9,729,000 after buying an additional 293,375 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Invesco DB Agriculture Fund by 1,350.7% during the 1st quarter. Cetera Investment Advisers now owns 152,874 shares of the exchange traded fund’s stock valued at $3,785,000 after buying an additional 142,336 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Invesco DB Agriculture Fund during the 1st quarter valued at about $2,158,000. Finally, Cetera Advisors LLC raised its stake in shares of Invesco DB Agriculture Fund by 144.8% during the 1st quarter. Cetera Advisors LLC now owns 137,650 shares of the exchange traded fund’s stock valued at $3,408,000 after buying an additional 81,421 shares during the last quarter.

Invesco DB Agriculture Fund Company Profile

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.