Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Up 0.2%

Teucrium Wheat Fund (NYSEARCA:WEAT – Get Rating)’s stock price shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $10.89 and last traded at $10.79. 1,785,937 shares changed hands during trading, a decline of 55% from the average session volume of 3,967,460 shares. The stock had previously closed at $10.77.

The business has a 50-day moving average price of $11.08 and a 200-day moving average price of $9.35.

A number of hedge funds have recently made changes to their positions in WEAT. Citigroup Inc. lifted its holdings in Teucrium Wheat Fund by 47.7% in the 1st quarter. Citigroup Inc. now owns 2,953 shares of the company’s stock valued at $29,000 after purchasing an additional 953 shares in the last quarter. Iron Horse Wealth Management LLC purchased a new position in Teucrium Wheat Fund in the 1st quarter valued at $31,000. U S Global Investors Inc. lifted its holdings in Teucrium Wheat Fund by 75.0% in the 1st quarter. U S Global Investors Inc. now owns 3,500 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Royal Bank of Canada lifted its holdings in Teucrium Wheat Fund by 38.0% in the 3rd quarter. Royal Bank of Canada now owns 5,270 shares of the company’s stock valued at $37,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in Teucrium Wheat Fund in the 1st quarter valued at $45,000.

About Teucrium Wheat Fund (NYSEARCA:WEAT)

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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