Teucrium Wheat Fund (NYSEARCA:WEAT) Trading 0.7% Higher – Here’s What Happened

Shares of Teucrium Wheat Fund (NYSEARCA:WEAT) were up 0.7% during trading on Tuesday . The stock traded as high as $23.11 and last traded at $23.09. Approximately 412,362 shares were traded during mid-day trading, a decline of 41% from the average session volume of 696,663 shares. The stock had previously closed at $22.93.

Teucrium Wheat Fund Trading Up 0.7%

The firm’s fifty day simple moving average is $23.36 and its 200-day simple moving average is $22.21.

Institutional Investors Weigh In On Teucrium Wheat Fund

Several large investors have recently modified their holdings of WEAT. Royal Bank of Canada boosted its position in Teucrium Wheat Fund by 9,855.7% during the first quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock valued at $2,358,000 after acquiring an additional 99,050 shares during the last quarter. Compound Planning Inc. bought a new position in shares of Teucrium Wheat Fund in the 1st quarter worth about $232,000. Cetera Investment Advisers bought a new position in shares of Teucrium Wheat Fund in the 1st quarter worth about $974,000. Militia Capital Management LLC acquired a new position in shares of Teucrium Wheat Fund in the 1st quarter valued at about $1,843,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $29,000.

About Teucrium Wheat Fund

Teucrium Wheat Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Fund provides investors unleveraged direct exposure to wheat without the need for a futures account. The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), which includes the second-to-expire CBOT Wheat Futures Contract, weighted 35%; the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and the CBOT Wheat Futures Contract, weighted 35%.