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

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw an uptick in trading volume on Tuesday . 1,762,104 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 1,191,896 shares.The stock last traded at $28.8950 and had previously closed at $28.96.

Invesco DB Agriculture Fund Price Performance

The firm has a 50 day moving average of $28.19 and a 200-day moving average of $27.46. The stock has a market capitalization of $1.25 billion, a P/E ratio of 11.32 and a beta of 0.11.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Invesco DB Agriculture Fund by 5.1% during the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after buying an additional 31,182 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Invesco DB Agriculture Fund by 4.5% during the second quarter. HighTower Advisors LLC now owns 479,815 shares of the exchange traded fund’s stock worth $12,797,000 after acquiring an additional 20,626 shares during the period. Passaic Partners LLC bought a new stake in Invesco DB Agriculture Fund in the 4th quarter valued at $9,972,000. Royal Bank of Canada increased its position in Invesco DB Agriculture Fund by 212.4% during the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock worth $7,925,000 after buying an additional 197,234 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Invesco DB Agriculture Fund by 983.2% during the first quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after acquiring an additional 257,619 shares during the period. Institutional investors own 38.63% of the company’s stock.

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