Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s share price traded down 0.4% during mid-day trading on Friday. The company traded as low as $30.75 and last traded at $30.79. Approximately 393,085 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,119,200 shares. The stock had previously closed at $30.91.
Invesco DB Commodity Index Tracking Fund Stock Performance
The company’s 50-day moving average is $32.73 and its 200 day moving average is $29.54. The company has a market capitalization of $1.84 billion, a PE ratio of 5.00 and a beta of 0.09.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. increased its position in shares of Invesco DB Commodity Index Tracking Fund by 369.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 401,415 shares of the company’s stock valued at $10,702,000 after acquiring an additional 315,947 shares in the last quarter. Jump Financial LLC boosted its stake in Invesco DB Commodity Index Tracking Fund by 2.2% during the 3rd quarter. Jump Financial LLC now owns 255,568 shares of the company’s stock valued at $8,260,000 after purchasing an additional 5,568 shares during the last quarter. Cetera Investment Advisers boosted its stake in Invesco DB Commodity Index Tracking Fund by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 250,997 shares of the company’s stock valued at $7,266,000 after purchasing an additional 3,223 shares during the last quarter. Gladwyn Financial Advisors Inc. boosted its stake in Invesco DB Commodity Index Tracking Fund by 6.2% during the 2nd quarter. Gladwyn Financial Advisors Inc. now owns 176,058 shares of the company’s stock valued at $4,694,000 after purchasing an additional 10,295 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Invesco DB Commodity Index Tracking Fund by 76.7% in the 1st quarter. Royal Bank of Canada now owns 146,926 shares of the company’s stock worth $4,253,000 after purchasing an additional 63,778 shares in the last quarter. Institutional investors own 48.28% of the company’s stock.
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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