Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Large Volume Increase – Time to Buy?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw unusually-strong trading volume on Wednesday . Approximately 494,898 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 283,201 shares.The stock last traded at $25.5950 and had previously closed at $25.57.

Invesco DB Agriculture Fund Stock Performance

The business’s 50-day moving average price is $26.24 and its 200-day moving average price is $26.49. The stock has a market cap of $742.37 million, a P/E ratio of 11.32 and a beta of 0.21.

Institutional Trading of Invesco DB Agriculture Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Guardian Partners Inc. purchased a new position in shares of Invesco DB Agriculture Fund during the 1st quarter valued at about $565,000. Jane Street Group LLC raised its stake in Invesco DB Agriculture Fund by 513.6% during the 1st quarter. Jane Street Group LLC now owns 137,350 shares of the exchange traded fund’s stock worth $3,618,000 after acquiring an additional 114,965 shares during the period. Modern Wealth Management LLC lifted its holdings in Invesco DB Agriculture Fund by 10.4% during the first quarter. Modern Wealth Management LLC now owns 15,661 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 1,479 shares in the last quarter. Clare Market Investments LLC lifted its holdings in Invesco DB Agriculture Fund by 15.0% during the second quarter. Clare Market Investments LLC now owns 15,915 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 2,075 shares in the last quarter. Finally, Savior LLC boosted its position in shares of Invesco DB Agriculture Fund by 10.1% in the second quarter. Savior LLC now owns 64,845 shares of the exchange traded fund’s stock worth $1,696,000 after purchasing an additional 5,959 shares during the period. Hedge funds and other institutional investors own 38.63% of the company’s stock.

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. The proceeds from the offering of Shares are invested in the Master Fund.