Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) hit a new 52-week high during trading on Tuesday . The company 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 Trading Up 1.2%
The firm has a market cap of $1.91 billion, a P/E ratio of 5.00 and a beta of 0.10. The firm’s 50 day moving average is $29.47 and its two-hundred day moving average is $28.95.
Institutional Trading of Invesco DB Commodity Index Tracking Fund
Several hedge funds have recently added to or reduced their stakes in DBC. Jessup Wealth Management Inc acquired a new position in Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust bought a new stake in Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at $46,000. International Assets Investment Management LLC acquired a new position in shares of Invesco DB Commodity Index Tracking Fund during the fourth quarter worth about $48,000. Covestor Ltd lifted 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 acquiring an additional 1,382 shares in the last quarter. Finally, Summer Road LLC acquired a new stake in shares of Invesco DB Commodity Index Tracking Fund in the first quarter valued at approximately $79,000. 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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