Teucrium Wheat Fund (NYSEARCA:WEAT) Trading 1.1% Higher – What’s Next?
by Sarita Garza · The Markets DailyTeucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) rose 1.1% on Monday . The stock traded as high as $20.27 and last traded at $20.20. Approximately 100,560 shares traded hands during trading, a decline of 41% from the average daily volume of 171,604 shares. The stock had previously closed at $19.98.
Teucrium Wheat Fund Stock Performance
The stock has a fifty day moving average price of $20.82 and a 200 day moving average price of $21.39.
Institutional Trading of Teucrium Wheat Fund
Several hedge funds have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. acquired a new position in shares of Teucrium Wheat Fund during the third quarter worth approximately $29,000. US Bancorp DE bought a new position in Teucrium Wheat Fund during the third quarter worth $41,000. Vawter Financial Ltd. acquired a new position in Teucrium Wheat Fund during the 3rd quarter valued at $44,000. GK Wealth Management LLC acquired a new position in Teucrium Wheat Fund during the 3rd quarter valued at $45,000. Finally, Harbour Investments Inc. boosted its holdings in Teucrium Wheat Fund by 32.1% in the 2nd quarter. Harbour Investments Inc. now owns 11,526 shares of the company’s stock valued at $51,000 after purchasing an additional 2,801 shares during the period.
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%.