Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Up 0% – What’s Next?

Invesco DB Precious Metals Fund (NYSEARCA:DBP) shares shot up 0% during mid-day trading on Tuesday . The company traded as high as $67.60 and last traded at $66.64. 7,253 shares traded hands during trading, a decline of 56% from the average session volume of 16,662 shares. The stock had previously closed at $66.62.

Invesco DB Precious Metals Fund Stock Performance

The company’s 50 day moving average price is $67.68 and its 200-day moving average price is $65.18. The stock has a market cap of $166.60 million, a P/E ratio of 7.59 and a beta of 0.25.

Hedge Funds Weigh In On Invesco DB Precious Metals Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Copia Wealth Management bought a new position in Invesco DB Precious Metals Fund in the 4th quarter valued at $114,000. American Trust purchased a new position in shares of Invesco DB Precious Metals Fund in the 4th quarter worth about $234,000. Jane Street Group LLC grew its position in Invesco DB Precious Metals Fund by 68.8% during the fourth quarter. Jane Street Group LLC now owns 36,996 shares of the company’s stock valued at $2,247,000 after buying an additional 15,078 shares during the period. Susquehanna International Group LLP increased its holdings in Invesco DB Precious Metals Fund by 93.2% during the fourth quarter. Susquehanna International Group LLP now owns 34,320 shares of the company’s stock worth $2,084,000 after buying an additional 16,557 shares during the last quarter. Finally, Midwest Professional Planners LTD. bought a new stake in Invesco DB Precious Metals Fund in the fourth quarter worth about $1,113,000.

About Invesco DB Precious Metals Fund

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.