Invesco DB Agriculture Fund (NYSEARCA:DBA) Sets New 1-Year High – Should You Buy?

Invesco DB Agriculture Fund (NYSEARCA:DBA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.14 and last traded at $28.14, with a volume of 221151 shares. The stock had previously closed at $27.97.

Invesco DB Agriculture Fund Trading Up 1.0 %

The firm has a market capitalization of $916.87 million, a PE ratio of 10.07 and a beta of 0.15. The firm has a 50 day simple moving average of $27.10 and a 200 day simple moving average of $25.88.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Invesco DB Agriculture Fund by 41.3% in the 4th quarter. Wells Fargo & Company MN now owns 878,043 shares of the exchange traded fund’s stock worth $23,347,000 after purchasing an additional 256,500 shares during the period. JPMorgan Chase & Co. raised its position in shares of Invesco DB Agriculture Fund by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 664,397 shares of the exchange traded fund’s stock valued at $17,334,000 after purchasing an additional 10,344 shares during the period. HighTower Advisors LLC raised its position in shares of Invesco DB Agriculture Fund by 18.2% during the 4th quarter. HighTower Advisors LLC now owns 439,716 shares of the exchange traded fund’s stock valued at $11,692,000 after purchasing an additional 67,619 shares during the period. Passaic Partners LLC lifted its stake in shares of Invesco DB Agriculture Fund by 10.4% during the 4th quarter. Passaic Partners LLC now owns 252,603 shares of the exchange traded fund’s stock valued at $6,717,000 after buying an additional 23,808 shares in the last quarter. Finally, Capital Wealth Alliance LLC boosted its holdings in Invesco DB Agriculture Fund by 2.0% in the 3rd quarter. Capital Wealth Alliance LLC now owns 252,156 shares of the exchange traded fund’s stock worth $6,582,000 after buying an additional 4,823 shares during the period.

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.