Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Climb 0.5% – Here’s What Happened
by Sarita Garza · The Markets DailyInvesco DB Precious Metals Fund (NYSEARCA:DBP – Get Free Report)’s stock price rose 0.5% during mid-day trading on Monday. The company traded as high as $95.65 and last traded at $95.40. 6,642 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 17,942 shares. The stock had previously closed at $94.90.
Invesco DB Precious Metals Fund Stock Down 2.5%
The company has a 50-day moving average of $99.93 and a 200 day moving average of $102.22. The stock has a market capitalization of $243.36 million, a PE ratio of 8.02 and a beta of 0.23.
Institutional Investors Weigh In On Invesco DB Precious Metals Fund
A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of Invesco DB Precious Metals Fund by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 125,677 shares of the company’s stock valued at $11,622,000 after buying an additional 12,880 shares during the last quarter. Power Wealth Management LLC boosted its position in Invesco DB Precious Metals Fund by 468.3% during the second quarter. Power Wealth Management LLC now owns 11,343 shares of the company’s stock worth $1,049,000 after acquiring an additional 9,347 shares during the last quarter. Royal Bank of Canada grew its stake in Invesco DB Precious Metals Fund by 44.1% during the 1st quarter. Royal Bank of Canada now owns 9,878 shares of the company’s stock valued at $1,087,000 after acquiring an additional 3,025 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Invesco DB Precious Metals Fund by 4.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 139,142 shares of the company’s stock valued at $15,311,000 after acquiring an additional 5,396 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its holdings in Invesco DB Precious Metals Fund by 103.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock valued at $708,000 after acquiring an additional 3,271 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.