Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Trading 0.7% Higher – Still a Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares rose 0.7% during trading on Monday . The company traded as high as $22.38 and last traded at $22.32. Approximately 1,281,818 shares changed hands during trading, an increase of 48% from the average daily volume of 864,331 shares. The stock had previously closed at $22.16.

Invesco DB Commodity Index Tracking Fund Stock Up 1.6 %

The company has a 50-day moving average price of $21.96 and a two-hundred day moving average price of $22.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Invesco DB Commodity Index Tracking Fund by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 105,247 shares of the company’s stock worth $2,445,000 after purchasing an additional 10,374 shares during the last quarter. Virtu Financial LLC acquired a new stake in Invesco DB Commodity Index Tracking Fund in the second quarter valued at $1,251,000. Cedar Wealth Management LLC bought a new position in Invesco DB Commodity Index Tracking Fund during the 2nd quarter valued at $925,000. Insigneo Advisory Services LLC acquired a new position in Invesco DB Commodity Index Tracking Fund during the 2nd quarter worth $3,008,000. Finally, Regal Investment Advisors LLC acquired a new position in Invesco DB Commodity Index Tracking Fund during the 2nd quarter worth $332,000. 48.28% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco DB Commodity Index Tracking Fund

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.