Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Down 0.7% – Here’s Why

by · The Markets Daily

Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) shares fell 0.7% during mid-day trading on Monday . The stock traded as low as $20.01 and last traded at $20.19. 216,831 shares were traded during mid-day trading, an increase of 67% from the average session volume of 130,018 shares. The stock had previously closed at $20.34.

Teucrium Wheat Fund Stock Performance

The stock’s 50 day moving average is $20.68 and its two-hundred day moving average is $21.11.

Institutional Investors Weigh In On Teucrium Wheat Fund

A number of large investors have recently modified their holdings of WEAT. Harbour Investments Inc. lifted its position in shares of Teucrium Wheat Fund by 32.1% during the 2nd quarter. Harbour Investments Inc. now owns 11,526 shares of the company’s stock worth $51,000 after purchasing an additional 2,801 shares during the last quarter. Osaic Holdings Inc. raised its stake in Teucrium Wheat Fund by 14.2% in the second quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock valued at $101,000 after buying an additional 2,823 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Teucrium Wheat Fund during the 3rd quarter worth about $29,000. US Bancorp DE acquired a new position in shares of Teucrium Wheat Fund during the 3rd quarter worth about $41,000. Finally, Vawter Financial Ltd. purchased a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $44,000.

Teucrium Wheat Fund Company Profile

(Get Free Report)

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%.

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