Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Up 0.1% – Still a Buy?

Teucrium Wheat Fund (NYSEARCA:WEAT)’s share price traded up 0.1% during mid-day trading on Friday . The stock traded as high as $25.47 and last traded at $25.41. Approximately 385,285 shares were traded during mid-day trading, a decline of 41% from the average session volume of 657,674 shares. The stock had previously closed at $25.38.

Teucrium Wheat Fund Stock Up 0.1%

The firm’s fifty day simple moving average is $23.84 and its 200 day simple moving average is $23.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Teucrium Wheat Fund by 259.2% in the third quarter. JPMorgan Chase & Co. now owns 53,081 shares of the company’s stock worth $218,000 after acquiring an additional 38,304 shares during the last quarter. Teucrium Investment Advisors LLC acquired a new stake in Teucrium Wheat Fund in the 4th quarter worth approximately $1,577,000. PenderFund Capital Management Ltd. acquired a new position in Teucrium Wheat Fund during the 3rd quarter worth $14,303,000. Revisor Wealth Management LLC lifted its position in shares of Teucrium Wheat Fund by 13.9% during the 1st quarter. Revisor Wealth Management LLC now owns 21,447 shares of the company’s stock worth $506,000 after purchasing an additional 2,616 shares during the last quarter. Finally, US Bancorp DE bought a new stake in Teucrium Wheat Fund during the 3rd quarter valued at approximately $41,000.

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%.