Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Strong Trading Volume – What’s Next?

Shares of Invesco DB Agriculture Fund (NYSEARCA:DBA) saw unusually-high trading volume on Friday . Approximately 3,619,502 shares changed hands during trading, an increase of 195% from the previous session’s volume of 1,226,196 shares.The stock last traded at $26.4050 and had previously closed at $26.69.

Invesco DB Agriculture Fund Trading Down 1.1%

The firm has a market cap of $1.18 billion, a P/E ratio of 11.32 and a beta of 0.11. The business’s fifty day simple moving average is $27.48 and its 200-day simple moving average is $26.55.

Institutional Trading of Invesco DB Agriculture Fund

Large investors have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in Invesco DB Agriculture Fund during the 1st quarter valued at about $110,000. Bank of America Corp DE lifted its holdings in Invesco DB Agriculture Fund by 5.1% in the 1st 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 period. Royal Bank of Canada grew its position in shares of Invesco DB Agriculture Fund by 212.4% in 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 last quarter. The Manufacturers Life Insurance Company grew its position in shares of Invesco DB Agriculture Fund by 983.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock worth $7,754,000 after buying an additional 257,619 shares during the last quarter. Finally, Galaxy Digital Inc. purchased a new position in shares of Invesco DB Agriculture Fund during the first quarter valued at approximately $411,000. 38.63% of the stock is owned by institutional investors.

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.