Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 12-Month High – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.79 and last traded at $23.7150, with a volume of 93621 shares. The stock had previously closed at $23.48.

Invesco DB Commodity Index Tracking Fund Stock Performance

The company’s 50 day moving average price is $22.88 and its 200 day moving average price is $22.54. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 5.00 and a beta of 0.24.

Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. eCIO Inc. acquired a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at approximately $57,000. Redhawk Wealth Advisors Inc. increased its position in Invesco DB Commodity Index Tracking Fund by 3.3% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 19,098 shares of the company’s stock worth $427,000 after purchasing an additional 605 shares during the period. Mechanics Bank Trust Department acquired a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 4th quarter worth approximately $203,000. Wealthcare Advisory Partners LLC raised its position in shares of Invesco DB Commodity Index Tracking Fund by 8.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 32,413 shares of the company’s stock valued at $725,000 after acquiring an additional 2,641 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 4th quarter valued at $777,000. 48.28% of the stock is owned by institutional investors and hedge funds.

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. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people