Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Up 0.6% – Should You Buy?

Invesco DB Precious Metals Fund (NYSEARCA:DBP) traded up 0.6% on Friday . The company traded as high as $92.46 and last traded at $91.94. 35,266 shares traded hands during trading, an increase of 109% from the average session volume of 16,873 shares. The stock had previously closed at $91.40.

Invesco DB Precious Metals Fund Price Performance

The business has a 50-day moving average of $89.08 and a two-hundred day moving average of $80.31. The company has a market cap of $229.85 million, a P/E ratio of 8.02 and a beta of 0.13.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. AE Wealth Management LLC purchased a new stake in shares of Invesco DB Precious Metals Fund during the third quarter valued at $77,000. WestEnd Advisors LLC purchased a new position in Invesco DB Precious Metals Fund in the 2nd quarter worth $104,000. Mason & Associates Inc acquired a new stake in Invesco DB Precious Metals Fund during the 3rd quarter worth about $220,000. PFG Advisors acquired a new stake in Invesco DB Precious Metals Fund during the 1st quarter worth about $219,000. Finally, Raymond James Financial Inc. grew its stake in Invesco DB Precious Metals Fund by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 3,139 shares of the company’s stock valued at $236,000 after purchasing an additional 139 shares during the last quarter.

Invesco DB Precious Metals Fund Company Profile

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.