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

Invesco DB Agriculture Fund (NYSEARCA:DBA) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.14 and last traded at $28.14, with a volume of 221151 shares traded. The stock had previously closed at $27.97.

Invesco DB Agriculture Fund Price Performance

The firm has a market capitalization of $916.87 million, a P/E ratio of 10.07 and a beta of 0.15. The firm’s 50 day simple moving average is $27.10 and its two-hundred day simple moving average is $25.88.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Invesco DB Agriculture Fund by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 878,043 shares of the exchange traded fund’s stock valued at $23,347,000 after buying an additional 256,500 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Invesco DB Agriculture Fund during the fourth quarter valued at about $2,722,000. Lake Street Advisors Group LLC grew its holdings in Invesco DB Agriculture Fund by 77.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 154,914 shares of the exchange traded fund’s stock worth $4,119,000 after purchasing an additional 67,758 shares during the period. HighTower Advisors LLC grew its holdings in Invesco DB Agriculture Fund by 18.2% in the fourth quarter. HighTower Advisors LLC now owns 439,716 shares of the exchange traded fund’s stock worth $11,692,000 after purchasing an additional 67,619 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its holdings in Invesco DB Agriculture Fund by 100.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 104,486 shares of the exchange traded fund’s stock worth $2,778,000 after purchasing an additional 52,243 shares during the period.

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.