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

Invesco DB Agriculture Fund (NYSEARCA:DBA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.93 and last traded at $27.93, with a volume of 261 shares trading hands. The stock had previously closed at $27.64.

Invesco DB Agriculture Fund Stock Performance

The stock has a market capitalization of $906.65 million, a price-to-earnings ratio of 10.07 and a beta of 0.15. The firm’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $25.13.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. New York Life Investment Management LLC boosted its holdings in Invesco DB Agriculture Fund by 142.7% in the second quarter. New York Life Investment Management LLC now owns 707,163 shares of the exchange traded fund’s stock valued at $16,830,000 after acquiring an additional 415,738 shares during the last quarter. Capital Wealth Alliance LLC grew its stake in Invesco DB Agriculture Fund by 37.3% in the 2nd quarter. Capital Wealth Alliance LLC now owns 247,333 shares of the exchange traded fund’s stock valued at $5,885,000 after purchasing an additional 67,195 shares during the period. Spire Wealth Management grew its stake in shares of Invesco DB Agriculture Fund by 5,569.4% during the 2nd quarter. Spire Wealth Management now owns 46,829 shares of the exchange traded fund’s stock worth $1,115,000 after acquiring an additional 46,003 shares during the period. MGO One Seven LLC grew its stake in shares of Invesco DB Agriculture Fund by 126.1% during the 2nd quarter. MGO One Seven LLC now owns 77,877 shares of the exchange traded fund’s stock worth $1,853,000 after acquiring an additional 43,427 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Invesco DB Agriculture Fund during the 2nd quarter worth about $977,000.

About Invesco DB Agriculture Fund

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.