Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Shares Up 0.4% – Should You Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price shot up 0.4% during mid-day trading on Monday . The stock traded as high as $22.24 and last traded at $22.20. 1,766,249 shares were traded during trading, an increase of 50% from the average session volume of 1,176,115 shares. The stock had previously closed at $22.12.

Invesco DB Commodity Index Tracking Fund Stock Performance

The firm’s 50-day moving average is $22.22 and its 200 day moving average is $22.19. The firm has a market capitalization of $1.36 billion, a PE ratio of 5.35 and a beta of 0.38.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wexford Capital LP raised its position in shares of Invesco DB Commodity Index Tracking Fund by 167.3% during the 3rd quarter. Wexford Capital LP now owns 359,168 shares of the company’s stock worth $7,999,000 after purchasing an additional 224,820 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco DB Commodity Index Tracking Fund by 351.8% in the fourth quarter. Bank of New York Mellon Corp now owns 83,722 shares of the company’s stock worth $1,790,000 after acquiring an additional 65,190 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco DB Commodity Index Tracking Fund by 12.1% in the fourth quarter. LPL Financial LLC now owns 569,234 shares of the company’s stock valued at $12,170,000 after acquiring an additional 61,285 shares in the last quarter. CSS LLC IL boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 116.5% during the fourth quarter. CSS LLC IL now owns 106,322 shares of the company’s stock valued at $2,273,000 after acquiring an additional 57,222 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Invesco DB Commodity Index Tracking Fund during the 4th quarter worth about $1,188,000. 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.