Invesco DB Agriculture Fund (NYSEARCA:DBA) Stock Passes Above 200-Day Moving Average – Here’s Why

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.79 and traded as high as $27.67. Invesco DB Agriculture Fund shares last traded at $27.57, with a volume of 731,336 shares trading hands.

Invesco DB Agriculture Fund Stock Performance

The firm has a market cap of $894.65 million, a price-to-earnings ratio of 10.07 and a beta of 0.15. The company has a 50 day moving average price of $27.02 and a 200 day moving average price of $25.79.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI raised its stake in shares of Invesco DB Agriculture Fund by 6.9% in the 3rd quarter. National Bank of Canada FI now owns 30,295 shares of the exchange traded fund’s stock valued at $790,000 after acquiring an additional 1,960 shares during the period. IHT Wealth Management LLC acquired a new stake in Invesco DB Agriculture Fund in the 3rd quarter valued at approximately $204,000. HighTower Advisors LLC raised its position in Invesco DB Agriculture Fund by 0.4% in the third quarter. HighTower Advisors LLC now owns 372,097 shares of the exchange traded fund’s stock valued at $9,706,000 after purchasing an additional 1,359 shares during the period. Insigneo Advisory Services LLC lifted its stake in Invesco DB Agriculture Fund by 7.2% during the third quarter. Insigneo Advisory Services LLC now owns 25,083 shares of the exchange traded fund’s stock worth $654,000 after purchasing an additional 1,685 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its position in shares of Invesco DB Agriculture Fund by 7.5% during the third quarter. Flow Traders U.S. LLC now owns 31,960 shares of the exchange traded fund’s stock worth $834,000 after buying an additional 2,232 shares during the period.

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.