Invesco DB Agriculture Fund (NYSEARCA:DBA) Shares Gap Up – Should You Buy?

Invesco DB Agriculture Fund (NYSEARCA:DBA) gapped up prior to trading on Monday . The stock had previously closed at $25.85, but opened at $26.42. Invesco DB Agriculture Fund shares last traded at $26.36, with a volume of 73,752 shares changing hands.

Invesco DB Agriculture Fund Price Performance

The company has a market cap of $855.71 million, a P/E ratio of 10.07 and a beta of 0.15. The stock’s 50-day moving average price is $26.28 and its 200-day moving average price is $25.25.

Institutional Investors Weigh In On Invesco DB Agriculture Fund

Large investors have recently modified their holdings of the business. New York Life Investment Management LLC lifted its stake in shares of Invesco DB Agriculture Fund by 142.7% in the 2nd 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. JPMorgan Chase & Co. boosted its stake in shares of Invesco DB Agriculture Fund by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 664,397 shares of the exchange traded fund’s stock valued at $17,334,000 after purchasing an additional 10,344 shares during the last quarter. HighTower Advisors LLC increased its stake in Invesco DB Agriculture Fund by 0.4% in the third quarter. HighTower Advisors LLC now owns 372,097 shares of the exchange traded fund’s stock valued at $9,706,000 after purchasing an additional 1,359 shares in the last quarter. Capital Wealth Alliance LLC grew its stake in Invesco DB Agriculture Fund by 2.0% in the third quarter. Capital Wealth Alliance LLC now owns 252,156 shares of the exchange traded fund’s stock valued at $6,582,000 after acquiring an additional 4,823 shares during the period. Finally, Passaic Partners LLC lifted its stake in shares of Invesco DB Agriculture Fund by 1.2% in the third quarter. Passaic Partners LLC now owns 228,795 shares of the exchange traded fund’s stock valued at $5,969,000 after buying an additional 2,616 shares in the last quarter.

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.