Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Trading Down 0.4% – Here’s Why

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s share price was down 0.4% during trading on Monday . The stock traded as low as $22.51 and last traded at $22.58. Approximately 1,058,131 shares traded hands during trading, an increase of 24% from the average daily volume of 855,887 shares. The stock had previously closed at $22.66.

Invesco DB Commodity Index Tracking Fund Stock Down 0.4 %

The business has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $22.20.

Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Invesco DB Commodity Index Tracking Fund by 0.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 686,386 shares of the company’s stock valued at $14,675,000 after buying an additional 5,828 shares during the period. LPL Financial LLC boosted its stake in Invesco DB Commodity Index Tracking Fund by 12.1% in the fourth quarter. LPL Financial LLC now owns 569,234 shares of the company’s stock valued at $12,170,000 after acquiring an additional 61,285 shares during the last quarter. Palumbo Wealth Management LLC grew its position in shares of Invesco DB Commodity Index Tracking Fund by 3.5% during the 4th quarter. Palumbo Wealth Management LLC now owns 488,807 shares of the company’s stock valued at $10,451,000 after acquiring an additional 16,465 shares during the period. Victory Capital Management Inc. increased its stake in shares of Invesco DB Commodity Index Tracking Fund by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 439,100 shares of the company’s stock worth $9,388,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Cordant Inc. lifted its stake in Invesco DB Commodity Index Tracking Fund by 4.7% in the fourth quarter. Cordant Inc. now owns 429,681 shares of the company’s stock valued at $9,187,000 after purchasing an additional 19,126 shares during the last quarter. 48.28% of the stock is currently owned by institutional investors.

Invesco DB Commodity Index Tracking Fund Company Profile

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. Deutsche Bank offers unparalleled financial services in countries throughout the world.