Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Price Down 1.4% – What’s Next?

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s stock price was down 1.4% during mid-day trading on Tuesday . The company traded as low as $66.20 and last traded at $66.70. Approximately 15,065 shares traded hands during trading, an increase of 33% from the average daily volume of 11,366 shares. The stock had previously closed at $67.64.

Invesco DB Precious Metals Fund Price Performance

The company has a market cap of $170.09 million, a price-to-earnings ratio of 6.05 and a beta of 0.22. The firm has a 50-day moving average price of $63.77 and a 200 day moving average price of $63.51.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

A number of institutional investors have recently modified their holdings of DBP. American Trust bought a new stake in shares of Invesco DB Precious Metals Fund in the fourth quarter valued at approximately $234,000. Jane Street Group LLC raised its holdings in Invesco DB Precious Metals Fund by 68.8% in the 4th quarter. Jane Street Group LLC now owns 36,996 shares of the company’s stock valued at $2,247,000 after acquiring an additional 15,078 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of Invesco DB Precious Metals Fund by 93.2% during the 4th quarter. Susquehanna International Group LLP now owns 34,320 shares of the company’s stock valued at $2,084,000 after acquiring an additional 16,557 shares during the period. Midwest Professional Planners LTD. acquired a new stake in shares of Invesco DB Precious Metals Fund during the 4th quarter worth $1,113,000. Finally, Focus Financial Network Inc. grew its holdings in shares of Invesco DB Precious Metals Fund by 72.5% during the 4th quarter. Focus Financial Network Inc. now owns 13,423 shares of the company’s stock worth $815,000 after purchasing an additional 5,643 shares in the last quarter.

About Invesco DB Precious Metals Fund

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.