Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Jumps 0.5% – Here’s What Happened

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s share price was up 0.5% on Monday. The company traded as high as $95.65 and last traded at $95.40. Approximately 6,642 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 17,942 shares. The stock had previously closed at $94.90.

Invesco DB Precious Metals Fund Stock Performance

The company has a 50 day moving average of $99.86 and a two-hundred day moving average of $102.34. The stock has a market capitalization of $248.04 million, a PE ratio of 8.02 and a beta of 0.23.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Institutional investors have recently added to or reduced their stakes in the business. Financial Network Wealth Advisors LLC increased its holdings in shares of Invesco DB Precious Metals Fund by 147.6% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock valued at $32,000 after acquiring an additional 183 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Invesco DB Precious Metals Fund by 317.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,548 shares of the company’s stock valued at $262,000 after purchasing an additional 1,937 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in Invesco DB Precious Metals Fund in the 1st quarter worth approximately $330,000. Gibbs Wealth Management boosted its stake in Invesco DB Precious Metals Fund by 52.8% in the 1st quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock worth $544,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Artesa Financial Group LLC purchased a new stake in Invesco DB Precious Metals Fund during the 4th quarter worth approximately $686,000.

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.