Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 1-Year High – Here’s Why

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week high on Tuesday . The company traded as high as $23.47 and last traded at $23.4250, with a volume of 297315 shares changing hands. The stock had previously closed at $23.19.

Invesco DB Commodity Index Tracking Fund Trading Up 1.0%

The firm has a market capitalization of $1.28 billion, a P/E ratio of 5.00 and a beta of 0.24. The stock has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $22.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd lifted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 331.9% in the 2nd quarter. Quadrature Capital Ltd now owns 796,744 shares of the company’s stock worth $17,373,000 after buying an additional 612,267 shares during the period. Lido Advisors LLC increased its position in Invesco DB Commodity Index Tracking Fund by 1,998.7% during the 3rd quarter. Lido Advisors LLC now owns 303,656 shares of the company’s stock valued at $6,842,000 after purchasing an additional 289,187 shares during the period. Man Group plc lifted its position in shares of Invesco DB Commodity Index Tracking Fund by 1,834.2% in the 3rd quarter. Man Group plc now owns 269,844 shares of the company’s stock worth $6,080,000 after purchasing an additional 255,893 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 127.2% during the first quarter. Goldman Sachs Group Inc. now owns 436,068 shares of the company’s stock valued at $9,812,000 after purchasing an additional 244,174 shares in the last quarter. Finally, Gladwyn Financial Advisors Inc. bought a new position in Invesco DB Commodity Index Tracking Fund in the second quarter worth approximately $4,331,000. 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