It’s time for a seasonal ETF trade with this agriculture fund.
Invesco DB Agriculture Fund (DBA)
From Stock Trader’s Almanac
Invesco DB Agriculture Fund (DBA) provides exposure to ten different commodities: Live Cattle, Cocoa, Coffee, Corn, Cotton, Feeder Cattle, Lean Hogs, Soybeans, Sugar and Wheat. DBA has assets in excess of $400 million and trades better than 300,000 shares per day on average, offering plenty of liquidity relative to other choices.
DBA could be considered up to a buy limit of $17.00. If purchased, a stop loss of $16.10 is suggested. This trade will also be tracked in the Sector Rotation ETF Portfolio. Live cattle accounts for 12.3% of DBA’s assets.
Jeffrey A. Hirsch, Stock Trader’s Almanac, www.stocktradersalmanac.com, 800-762-2974, June 13, 2019