Invesco DB Agriculture Fund (NYSEARCA:DBA) Reaches New 52-Week High – Here’s Why

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) reached a new 52-week high during trading on Wednesday . The company traded as high as $28.48 and last traded at $28.44, with a volume of 18426 shares changing hands. The stock had previously closed at $28.38.

Invesco DB Agriculture Fund Price Performance

The firm’s fifty day simple moving average is $27.20 and its 200 day simple moving average is $26.06. The company has a market capitalization of $894.00 million, a price-to-earnings ratio of 10.07 and a beta of 0.15.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Several large investors have recently made changes to their positions in the company. Financial Advocates Investment Management increased its position in Invesco DB Agriculture Fund by 1.1% during the third quarter. Financial Advocates Investment Management now owns 53,356 shares of the exchange traded fund’s stock worth $1,392,000 after buying an additional 588 shares during the last quarter. Capital Wealth Alliance LLC boosted its stake in shares of Invesco DB Agriculture Fund by 2.0% during the 3rd quarter. Capital Wealth Alliance LLC now owns 252,156 shares of the exchange traded fund’s stock worth $6,582,000 after acquiring an additional 4,823 shares in the last quarter. Passaic Partners LLC increased its holdings in shares of Invesco DB Agriculture Fund by 1.2% during the 3rd quarter. Passaic Partners LLC now owns 228,795 shares of the exchange traded fund’s stock valued at $5,969,000 after acquiring an additional 2,616 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Invesco DB Agriculture Fund in the 3rd quarter valued at approximately $330,000. Finally, Pekin Hardy Strauss Inc. lifted its holdings in 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 worth $872,000 after purchasing an additional 830 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.