Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $31.54 and last traded at $31.4920, with a volume of 31453 shares trading hands. The stock had previously closed at $31.06.
Invesco DB Commodity Index Tracking Fund Stock Down 0.7%
The stock’s 50 day moving average is $29.05 and its two-hundred day moving average is $25.35. The company has a market capitalization of $1.79 billion, a PE ratio of 5.00 and a beta of 0.10.
Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund
A number of hedge funds and other institutional investors have recently modified their holdings of DBC. Strategic Investment Solutions Inc. IL increased its holdings in Invesco DB Commodity Index Tracking Fund by 555.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the period. Jessup Wealth Management Inc bought a new position in Invesco DB Commodity Index Tracking Fund in the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust purchased a new stake in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth $46,000. International Assets Investment Management LLC bought a new stake in Invesco DB Commodity Index Tracking Fund during the 4th quarter valued at $48,000. Finally, Caitlin John LLC bought a new stake in Invesco DB Commodity Index Tracking Fund during the 3rd quarter valued at $53,000. 48.28% of the stock is currently owned by institutional investors.
About Invesco DB Commodity Index Tracking Fund
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. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people
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