Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 12-Month High – Should You Buy?

by · The Cerbat Gem

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $31.54 and last traded at $31.4920, with a volume of 31453 shares trading hands. The stock had previously closed at $31.06.

Invesco DB Commodity Index Tracking Fund Stock Performance

The stock’s fifty day moving average price is $28.81 and its 200-day moving average price is $25.22. The company has a market capitalization of $1.81 billion, a P/E ratio of 5.00 and a beta of 0.10.

Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund

A number of large investors have recently added to or reduced their stakes in the business. IPG Investment Advisors LLC increased its holdings in shares of Invesco DB Commodity Index Tracking Fund by 5.7% in the fourth quarter. IPG Investment Advisors LLC now owns 32,401 shares of the company’s stock valued at $724,000 after purchasing an additional 1,751 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco DB Commodity Index Tracking Fund by 194.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 494,207 shares of the company’s stock worth $11,050,000 after buying an additional 326,632 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 4.5% during the 4th quarter. Independent Advisor Alliance now owns 10,754 shares of the company’s stock worth $240,000 after buying an additional 461 shares during the period. MGO One Seven LLC grew its stake in Invesco DB Commodity Index Tracking Fund by 27.3% in the 4th quarter. MGO One Seven LLC now owns 13,092 shares of the company’s stock valued at $293,000 after buying an additional 2,807 shares during the last quarter. Finally, Nwam LLC acquired a new position in Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at about $951,000. Institutional investors own 48.28% of the company’s stock.

Invesco DB Commodity Index Tracking Fund Company Profile

(Get Free Report)

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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