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

Invesco DB Agriculture Fund (NYSEARCA:DBA) crossed 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 trading hands.

Invesco DB Agriculture Fund Stock Performance

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

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Advocates Investment Management increased its stake in shares of Invesco DB Agriculture Fund by 1.1% in the 3rd quarter. Financial Advocates Investment Management now owns 53,356 shares of the exchange traded fund’s stock valued at $1,392,000 after purchasing an additional 588 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of Invesco DB Agriculture Fund by 2.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 33,405 shares of the exchange traded fund’s stock valued at $872,000 after purchasing an additional 830 shares in the last quarter. Key Financial Inc increased its stake in shares of Invesco DB Agriculture Fund by 54.3% in the 2nd quarter. Key Financial Inc now owns 2,755 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 969 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Invesco DB Agriculture Fund by 0.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 140,200 shares of the exchange traded fund’s stock valued at $3,658,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Invesco DB Agriculture Fund by 2.8% in the 1st quarter. Tidal Investments LLC now owns 38,313 shares of the exchange traded fund’s stock worth $949,000 after buying an additional 1,036 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.