Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 1-Year High – Should You Buy?

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week high during trading on Monday . The stock traded as high as $31.79 and last traded at $31.6960, with a volume of 831619 shares. The stock had previously closed at $31.19.

Invesco DB Commodity Index Tracking Fund Trading Up 0.6%

The stock has a market capitalization of $1.81 billion, a P/E ratio of 5.00 and a beta of 0.10. The stock’s fifty day moving average price is $29.25 and its two-hundred day moving average price is $25.47.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Several institutional investors have recently added to or reduced their stakes in DBC. Bank of America Corp DE grew its stake in shares of Invesco DB Commodity Index Tracking Fund by 1.7% during the third quarter. Bank of America Corp DE now owns 4,123,577 shares of the company’s stock valued at $92,904,000 after buying an additional 67,602 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco DB Commodity Index Tracking Fund by 670.3% during the 4th quarter. JPMorgan Chase & Co. now owns 817,253 shares of the company’s stock valued at $18,274,000 after acquiring an additional 711,157 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco DB Commodity Index Tracking Fund by 1.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 627,807 shares of the company’s stock valued at $14,144,000 after acquiring an additional 10,765 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco DB Commodity Index Tracking Fund by 194.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 494,207 shares of the company’s stock worth $11,050,000 after acquiring an additional 326,632 shares during the last quarter. Finally, Palumbo Wealth Management LLC grew its position in Invesco DB Commodity Index Tracking Fund by 3.9% during the 4th quarter. Palumbo Wealth Management LLC now owns 485,566 shares of the company’s stock worth $10,857,000 after acquiring an additional 18,271 shares during the last quarter. 48.28% of the stock is currently owned by hedge funds and other 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