Invesco DB Agriculture Fund (NYSEARCA:DBA) Hits New 1-Year High – Still a Buy?

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

Invesco DB Agriculture Fund Stock Up 0.2 %

The firm has a 50-day simple moving average of $27.17 and a 200 day simple moving average of $26.03. The company has a market cap of $922.39 million, a price-to-earnings ratio of 10.07 and a beta of 0.15.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of Invesco DB Agriculture Fund by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 878,043 shares of the exchange traded fund’s stock worth $23,347,000 after buying an additional 256,500 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco DB Agriculture Fund by 2.7% during the 4th quarter. Bank of America Corp DE now owns 749,413 shares of the exchange traded fund’s stock worth $19,927,000 after acquiring an additional 19,422 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Invesco DB Agriculture Fund by 1.6% in 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 last quarter. HighTower Advisors LLC increased its holdings in shares of Invesco DB Agriculture Fund by 18.2% in the fourth 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. Finally, Passaic Partners LLC raised its stake in shares of Invesco DB Agriculture Fund by 10.4% during the fourth quarter. Passaic Partners LLC now owns 252,603 shares of the exchange traded fund’s stock worth $6,717,000 after purchasing an additional 23,808 shares during the last quarter.

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.