Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 1-Year High – Still a Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s stock price reached a new 52-week high on Friday. The company traded as high as $33.78 and last traded at $33.7240, with a volume of 525,015 shares. The stock had previously closed at $33.30.

Invesco DB Commodity Index Tracking Fund Trading Up 1.3%

The firm has a market cap of $2.00 billion, a PE ratio of 5.00 and a beta of 0.12. The business’s 50-day simple moving average is $31.96 and its 200 day simple moving average is $30.11.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

A number of large investors have recently bought and sold shares of the business. Summer Road LLC purchased a new position in shares of Invesco DB Commodity Index Tracking Fund in the 1st quarter valued at $79,000. International Assets Investment Management LLC lifted its position in Invesco DB Commodity Index Tracking Fund by 59.8% during the first quarter. International Assets Investment Management LLC now owns 3,395 shares of the company’s stock valued at $97,000 after acquiring an additional 1,270 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Invesco DB Commodity Index Tracking Fund by 155.1% during the third quarter. Farther Finance Advisors LLC now owns 5,179 shares of the company’s stock valued at $167,000 after acquiring an additional 3,149 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Invesco DB Commodity Index Tracking Fund by 13.6% in the first quarter. Sound Income Strategies LLC now owns 6,277 shares of the company’s stock valued at $180,000 after acquiring an additional 750 shares in the last quarter. Finally, Narus Financial Partners LLC acquired a new stake in Invesco DB Commodity Index Tracking Fund in the first quarter valued at approximately $217,000. 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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