Teucrium Wheat Fund (NYSEARCA:WEAT) Stock Price Down 0.6% – Time to Sell?

Teucrium Wheat Fund (NYSEARCA:WEAT)’s share price was down 0.6% during mid-day trading on Thursday. The stock traded as low as $24.75 and last traded at $24.76. Approximately 222,596 shares changed hands during trading, a decline of 66% from the average session volume of 656,671 shares. The stock had previously closed at $24.90.

Teucrium Wheat Fund Price Performance

The business’s 50-day moving average is $25.57 and its two-hundred day moving average is $24.18.

Hedge Funds Weigh In On Teucrium Wheat Fund

Several institutional investors and hedge funds have recently made changes to their positions in WEAT. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Teucrium Wheat Fund during the 1st quarter worth $2,610,000. Royal Bank of Canada increased its holdings in shares of Teucrium Wheat Fund by 9,855.7% in the first quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock worth $2,358,000 after acquiring an additional 99,050 shares in the last quarter. Militia Capital Management LLC bought a new stake in shares of Teucrium Wheat Fund in the first quarter worth about $1,843,000. Cetera Investment Advisers acquired a new stake in shares of Teucrium Wheat Fund during the first quarter worth about $974,000. Finally, Sigma Planning Corp acquired a new stake in shares of Teucrium Wheat Fund during the first quarter worth about $527,000.

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%.