Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s share price shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $30.13 and last traded at $30.11. Approximately 1,078,874 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 1,256,122 shares. The stock had previously closed at $29.97.
Invesco DB Commodity Index Tracking Fund Stock Up 0.5%
The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 5.00 and a beta of 0.09. The stock’s 50 day moving average is $28.39 and its 200 day moving average is $28.08.
Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund
Several hedge funds have recently modified their holdings of DBC. Jessup Wealth Management Inc bought a new stake in shares of Invesco DB Commodity Index Tracking Fund in the 4th quarter worth $28,000. Parkside Financial Bank & Trust bought a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter valued at about $46,000. International Assets Investment Management LLC acquired a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth about $48,000. Covestor Ltd grew its holdings in Invesco DB Commodity Index Tracking Fund by 110.6% during the fourth quarter. Covestor Ltd now owns 2,631 shares of the company’s stock worth $59,000 after acquiring an additional 1,382 shares during the period. Finally, Summer Road LLC bought a new stake in Invesco DB Commodity Index Tracking Fund in the first quarter worth about $79,000. 48.28% of the stock is currently 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
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