Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) traded up 0.9% on Tuesday. The company traded as high as $32.69 and last traded at $32.69. 909,005 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 1,176,750 shares. The stock had previously closed at $32.39.
Invesco DB Commodity Index Tracking Fund Trading Up 0.9%
The stock’s 50 day moving average is $31.38 and its 200 day moving average is $29.88. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.00 and a beta of 0.12.
Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund
Institutional investors have recently modified their holdings of the company. First Horizon Corp grew its holdings in Invesco DB Commodity Index Tracking Fund by 207.1% during the 1st quarter. First Horizon Corp now owns 24,928 shares of the company’s stock worth $722,000 after acquiring an additional 16,810 shares in the last quarter. Quantum Portfolio Management LLC bought a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 1st quarter valued at about $436,000. Stephens Inc. AR acquired a new stake in Invesco DB Commodity Index Tracking Fund during the first quarter worth about $274,000. World Investment Advisors raised its stake in Invesco DB Commodity Index Tracking Fund by 2.1% during the first quarter. World Investment Advisors now owns 57,204 shares of the company’s stock worth $1,656,000 after acquiring an additional 1,159 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Invesco DB Commodity Index Tracking Fund by 13.6% in the first quarter. Sound Income Strategies LLC now owns 6,277 shares of the company’s stock worth $180,000 after acquiring an additional 750 shares during the last quarter. Institutional investors and hedge funds 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
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