Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Price Down 0.2% – Here’s Why

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) shares dropped 0.2% on Monday . The company traded as low as $108.77 and last traded at $109.12. Approximately 20,512 shares changed hands during trading, a decline of 16% from the average daily volume of 24,488 shares. The stock had previously closed at $109.38.

More Invesco DB Precious Metals Fund News

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

Invesco DB Precious Metals Fund Price Performance

The firm has a market capitalization of $278.26 million, a P/E ratio of 8.02 and a beta of 0.13. The stock’s 50 day moving average is $116.86 and its two-hundred day moving average is $105.47.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Invesco DB Precious Metals Fund in the fourth quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC increased its stake in Invesco DB Precious Metals Fund by 147.6% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock valued at $32,000 after purchasing an additional 183 shares in the last quarter. AE Wealth Management LLC bought a new stake in Invesco DB Precious Metals Fund in the third quarter valued at approximately $77,000. Geneos Wealth Management Inc. increased its stake in Invesco DB Precious Metals Fund by 42.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 905 shares of the company’s stock valued at $93,000 after purchasing an additional 270 shares in the last quarter. Finally, WestEnd Advisors LLC bought a new stake in Invesco DB Precious Metals Fund in the fourth quarter valued at approximately $117,000.

Invesco DB Precious Metals Fund Company Profile

(Get Free Report)

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.

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