Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Up 0.6% – Here’s Why

Invesco DB Precious Metals Fund (NYSEARCA:DBP) shares shot up 0.6% during trading on Tuesday . The stock traded as high as $62.03 and last traded at $61.97. 6,523 shares were traded during mid-day trading, an increase of 19% from the average session volume of 5,465 shares. The stock had previously closed at $61.61.

Invesco DB Precious Metals Fund Trading Up 0.7 %

The stock’s 50 day moving average is $62.87 and its two-hundred day moving average is $62.16. The stock has a market capitalization of $161.70 million, a price-to-earnings ratio of 6.05 and a beta of 0.22.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Several institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc grew its stake in shares of Invesco DB Precious Metals Fund by 13.6% during the 3rd quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock worth $381,000 after acquiring an additional 717 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Invesco DB Precious Metals Fund in the third quarter worth $339,000. Finally, Focus Financial Network Inc. acquired a new position in Invesco DB Precious Metals Fund during the third quarter worth $496,000.

Invesco DB Precious Metals Fund Company Profile

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.