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

Invesco DB Agriculture Fund (NYSEARCA:DBA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.13 and traded as high as $27.64. Invesco DB Agriculture Fund shares last traded at $27.64, with a volume of 118,427 shares changing hands.

Invesco DB Agriculture Fund Stock Up 0.6 %

The business’s fifty day moving average is $26.01 and its two-hundred day moving average is $25.13. The stock has a market capitalization of $896.76 million, a PE ratio of 10.07 and a beta of 0.15.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Several large investors have recently added to or reduced their stakes in DBA. Mercer Global Advisors Inc. ADV purchased a new position in shares of Invesco DB Agriculture Fund in the 2nd quarter worth approximately $977,000. Pekin Hardy Strauss Inc. lifted its position in Invesco DB Agriculture Fund by 12.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 32,575 shares of the exchange traded fund’s stock worth $775,000 after buying an additional 3,560 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Invesco DB Agriculture Fund during the second quarter worth $235,000. Commonwealth Equity Services LLC increased its position in Invesco DB Agriculture Fund by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 86,939 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 3,604 shares during the last quarter. Finally, MGO One Seven LLC increased its position in Invesco DB Agriculture Fund by 126.1% during the second quarter. MGO One Seven LLC now owns 77,877 shares of the exchange traded fund’s stock valued at $1,853,000 after acquiring an additional 43,427 shares during the last quarter.

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.