Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $32.33 and last traded at $32.3180, with a volume of 81358 shares trading hands. The stock had previously closed at $31.90.
Invesco DB Commodity Index Tracking Fund Stock Performance
The company’s fifty day moving average price is $29.71 and its 200-day moving average price is $29.06. The stock has a market cap of $1.95 billion, a P/E ratio of 5.00 and a beta of 0.10.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of DBC. Royal Bank of Canada grew its stake in shares of Invesco DB Commodity Index Tracking Fund by 67.9% during the first quarter. Royal Bank of Canada now owns 140,725 shares of the company’s stock valued at $3,166,000 after buying an additional 56,886 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco DB Commodity Index Tracking Fund by 4.3% during the 1st quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock worth $565,000 after acquiring an additional 1,039 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco DB Commodity Index Tracking Fund by 127.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 436,068 shares of the company’s stock valued at $9,812,000 after acquiring an additional 244,174 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Invesco DB Commodity Index Tracking Fund by 161.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 208,268 shares of the company’s stock valued at $4,542,000 after acquiring an additional 128,680 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Invesco DB Commodity Index Tracking Fund by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,096 shares of the company’s stock valued at $2,390,000 after acquiring an additional 563 shares during the last quarter. 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. 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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