Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) shares traded up 1% during trading on Wednesday . The stock traded as high as $29.96 and last traded at $29.86. 1,198,444 shares changed hands during trading, a decline of 7% from the average session volume of 1,286,000 shares. The stock had previously closed at $29.57.
Invesco DB Commodity Index Tracking Fund Price Performance
The stock has a 50-day moving average price of $28.73 and a two-hundred day moving average price of $27.43. The stock has a market cap of $1.72 billion, a PE ratio of 5.00 and a beta of 0.10.
Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 670.3% during the 4th quarter. JPMorgan Chase & Co. now owns 817,253 shares of the company’s stock valued at $18,274,000 after acquiring an additional 711,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco DB Commodity Index Tracking Fund by 194.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 494,207 shares of the company’s stock worth $11,050,000 after purchasing an additional 326,632 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Invesco DB Commodity Index Tracking Fund by 369.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 401,415 shares of the company’s stock valued at $10,702,000 after purchasing an additional 315,947 shares in the last quarter. Lido Advisors LLC raised its stake in Invesco DB Commodity Index Tracking Fund by 1,998.7% during the third quarter. Lido Advisors LLC now owns 303,656 shares of the company’s stock valued at $6,842,000 after purchasing an additional 289,187 shares in the last quarter. Finally, Man Group plc lifted its position in Invesco DB Commodity Index Tracking Fund by 1,834.2% during the third quarter. Man Group plc now owns 269,844 shares of the company’s stock valued at $6,080,000 after purchasing an additional 255,893 shares during the last quarter. 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. 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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