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About
History
Competitors
About
History
Competitors
The Teucrium Wheat ETF (WEAT) is an exchange-traded fund that tracks the performance of wheat futures contracts. With a market capitalization of $199.09 million as of July 28, 2023, the ETF aims to provide investors with exposure to the wheat commodity market.
The fund is managed by Teucrium Trading, LLC, an investment management company specializing in agricultural commodity ETFs. The Teucrium Wheat ETF was launched in 2011 and has since gained popularity among investors seeking to diversify their portfolios with exposure to the agriculture sector. As an ETF, it offers a convenient and cost-effective way for investors to participate in the price movements of wheat without directly trading futures contracts.
Teucrium Wheat ETF was launched on December 15, 2011, with an initial price of $20.00. Since then, the share price has seen several ups and downs. The lowest stock price reached for WEAT within the past 5 years was $4.83 in May 2019 while the highest stock price was $12.75 in March 2022.
When analyzing the share price of Teucrium, traders may consider using technical analysis tools, such as moving averages and the Relative Strength Index (RSI). It's also worth noting that the share price of Teucrium Wheat is closely tied to global wheat prices. For example, its share price may be affected by a variety of factors, such as weather patterns that impact wheat production or geopolitical events that may influence supply and demand. This underscores the need for investors to stay up to date on global wheat prices and any relevant news.
Investing in Teucrium Wheat ETF could be a smart move if you expect the price of wheat to rise. However, before you start trading WEAT, it's important to be aware of the competitors in the market. They include:
- Invesco DB Agriculture Fund (DBA): This ETF tracks an index that includes not only wheat but also other agricultural commodities like corn and soybeans. DBA allows investors to gain exposure to a broader range of commodities.
- Teucrium Corn Fund (CORN): The Teucrium Corn Fund (CORN) is a commodity ETF that invests in corn futures contracts and aims to reflect the performance of the corn market. It provides investors with a simple and cost-effective way to gain exposure to the corn market.
By exploring the features and benefits of each competing ETF, you may make a more informed decisions.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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