Invesco DB Oil Fund (NYSEARCA:DBO) shares rose 5% during trading on Wednesday . The company traded as high as $9.70 and last traded at $9.65. Approximately 544,853 shares traded hands during trading, a decline of 8% from the average daily volume of 590,109 shares. The stock had previously closed at $9.19.
The firm also recently declared an annual dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, December 26th were given a dividend of $0.1344 per share. This represents a yield of 1.65%. The ex-dividend date was Monday, December 24th.
Large investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC purchased a new stake in shares of Invesco DB Oil Fund during the third quarter valued at approximately $1,400,000. Rehmann Capital Advisory Group boosted its stake in shares of Invesco DB Oil Fund by 1,248.0% during the third quarter. Rehmann Capital Advisory Group now owns 11,633 shares of the company’s stock valued at $863,000 after purchasing an additional 10,770 shares during the period. B. Riley Wealth Management Inc. purchased a new stake in Invesco DB Oil Fund in the third quarter worth $233,000. MML Investors Services LLC lifted its stake in Invesco DB Oil Fund by 62.5% in the third quarter. MML Investors Services LLC now owns 40,022 shares of the company’s stock worth $539,000 after acquiring an additional 15,399 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Invesco DB Oil Fund by 25.6% in the third quarter. Wells Fargo & Company MN now owns 1,540,872 shares of the company’s stock worth $20,771,000 after acquiring an additional 313,836 shares during the period.
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Invesco DB Oil Fund Company Profile (NYSEARCA:DBO)
PowerShares DB Oil Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund is a based on the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). The Fund seeks to track the changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index) over time, plus the excess, if any, of the Fund’s interest income from its holdings of United States Treasury Obligations and other high credit quality short-term fixed income securities over the expenses of the Fund.
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