Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Set to Reverse Split on Tuesday, November 25th

Shares of Teucrium Wheat Fund (NYSEARCA:WEAT) are scheduled to reverse split before the market opens on Tuesday, November 25th. The 1-5 reverse split was announced on Tuesday, November 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 24th.

Teucrium Wheat Fund Price Performance

WEAT opened at $4.19 on Friday. The company’s 50 day simple moving average is $4.18 and its two-hundred day simple moving average is $4.35. Teucrium Wheat Fund has a 1-year low of $3.99 and a 1-year high of $5.35.

Institutional Trading of Teucrium Wheat Fund

Large investors have recently added to or reduced their stakes in the stock. Vawter Financial Ltd. purchased a new stake in shares of Teucrium Wheat Fund in the third quarter valued at about $44,000. GK Wealth Management LLC purchased a new position in Teucrium Wheat Fund during the third quarter worth about $45,000. IMC Chicago LLC boosted its holdings in Teucrium Wheat Fund by 32.4% in the 3rd quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock valued at $222,000 after purchasing an additional 13,189 shares during the last quarter. Revisor Wealth Management LLC grew its stake in shares of Teucrium Wheat Fund by 145.5% in the 3rd quarter. Revisor Wealth Management LLC now owns 75,355 shares of the company’s stock valued at $308,000 after buying an additional 44,656 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Teucrium Wheat Fund during the 2nd quarter worth approximately $379,000.

Teucrium Wheat Fund Company Profile

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%.