Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s stock price was up 1% on Wednesday . The stock traded as high as $29.96 and last traded at $29.86. 1,198,444 shares changed hands during trading, a decline of 7% from the average daily volume of 1,286,000 shares. The stock had previously closed at $29.57.
Invesco DB Commodity Index Tracking Fund Price Performance
The company has a market cap of $1.73 billion, a price-to-earnings ratio of 5.00 and a beta of 0.10. The business’s 50-day simple moving average is $28.72 and its 200-day simple moving average is $27.48.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DBC. Jessup Wealth Management Inc acquired a new stake in Invesco DB Commodity Index Tracking Fund during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust acquired a new stake in shares of Invesco DB Commodity Index Tracking Fund during the fourth quarter valued at $46,000. International Assets Investment Management LLC purchased a new stake in Invesco DB Commodity Index Tracking Fund during the 4th quarter worth about $48,000. eCIO Inc. purchased a new stake in Invesco DB Commodity Index Tracking Fund during the 4th quarter worth about $57,000. Finally, Covestor Ltd raised its stake in Invesco DB Commodity Index Tracking Fund by 110.6% in the 4th quarter. Covestor Ltd now owns 2,631 shares of the company’s stock valued at $59,000 after purchasing an additional 1,382 shares during the last quarter. 48.28% of the stock is currently owned by institutional investors and hedge funds.
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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