Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 1-Year Low – What’s Next?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $20.75 and last traded at $20.77, with a volume of 613982 shares changing hands. The stock had previously closed at $21.74.

Invesco DB Commodity Index Tracking Fund Price Performance

The company has a 50-day moving average of $22.17 and a 200 day moving average of $22.22. The company has a market cap of $1.28 billion, a PE ratio of 5.26 and a beta of 0.23.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in Invesco DB Commodity Index Tracking Fund by 0.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 686,386 shares of the company’s stock worth $14,675,000 after buying an additional 5,828 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco DB Commodity Index Tracking Fund by 12.1% in the fourth quarter. LPL Financial LLC now owns 569,234 shares of the company’s stock valued at $12,170,000 after acquiring an additional 61,285 shares during the period. Palumbo Wealth Management LLC lifted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 3.5% in the 4th quarter. Palumbo Wealth Management LLC now owns 488,807 shares of the company’s stock worth $10,451,000 after acquiring an additional 16,465 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 439,100 shares of the company’s stock worth $9,388,000 after purchasing an additional 17,000 shares during the period. Finally, Cordant Inc. boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 4.7% during the 4th quarter. Cordant Inc. now owns 429,681 shares of the company’s stock worth $9,187,000 after purchasing an additional 19,126 shares during the period. Hedge funds and other institutional investors own 48.28% of the company’s stock.

Invesco DB Commodity Index Tracking Fund Company Profile

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.