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

Invesco DB Agriculture Fund (NYSEARCA:DBA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.33 and traded as high as $26.49. Invesco DB Agriculture Fund shares last traded at $26.46, with a volume of 286,253 shares.

Invesco DB Agriculture Fund Price Performance

The firm’s 50 day moving average price is $27.13 and its 200-day moving average price is $26.35. The stock has a market cap of $822.91 million, a P/E ratio of 11.18 and a beta of 0.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new position in Invesco DB Agriculture Fund during the fourth quarter valued at approximately $55,000. Cetera Investment Advisers lifted its position in Invesco DB Agriculture Fund by 67.7% during the fourth quarter. Cetera Investment Advisers now owns 117,933 shares of the exchange traded fund’s stock valued at $3,136,000 after purchasing an additional 47,617 shares during the period. Bank of America Corp DE lifted its position in Invesco DB Agriculture Fund by 2.7% during the fourth quarter. Bank of America Corp DE now owns 749,413 shares of the exchange traded fund’s stock valued at $19,927,000 after purchasing an additional 19,422 shares during the period. BNP Paribas Financial Markets lifted its position in Invesco DB Agriculture Fund by 95.6% during the fourth quarter. BNP Paribas Financial Markets now owns 78,827 shares of the exchange traded fund’s stock valued at $2,096,000 after purchasing an additional 38,533 shares during the period. Finally, Accredited Wealth Management LLC bought a new position in Invesco DB Agriculture Fund during the fourth quarter valued at approximately $29,000.

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.