Invesco DB Precious Metals Fund (NYSEARCA:DBP) Trading Up 0.6% – Time to Buy?

Shares of Invesco DB Precious Metals Fund (NYSEARCA:DBP) traded up 0.6% during mid-day trading on Friday . The company traded as high as $92.46 and last traded at $91.94. 35,266 shares traded hands during trading, an increase of 109% from the average session volume of 16,873 shares. The stock had previously closed at $91.40.

Invesco DB Precious Metals Fund Stock Up 0.6%

The business has a 50-day moving average price of $89.08 and a 200-day moving average price of $80.34. The firm has a market capitalization of $229.85 million, a price-to-earnings ratio of 8.02 and a beta of 0.13.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

A number of large investors have recently modified their holdings of the business. Mason & Associates Inc acquired a new position in shares of Invesco DB Precious Metals Fund during the third quarter valued at about $220,000. Envestnet Asset Management Inc. grew its position in Invesco DB Precious Metals Fund by 16.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 81,705 shares of the company’s stock worth $7,266,000 after purchasing an additional 11,250 shares during the last quarter. AE Wealth Management LLC purchased a new stake in Invesco DB Precious Metals Fund during the 3rd quarter worth approximately $77,000. OneAscent Financial Services LLC grew its position in Invesco DB Precious Metals Fund by 52.3% during the 3rd quarter. OneAscent Financial Services LLC now owns 4,586 shares of the company’s stock worth $408,000 after purchasing an additional 1,574 shares during the last quarter. Finally, Saxony Capital Management LLC acquired a new position in Invesco DB Precious Metals Fund during the 3rd quarter valued at approximately $744,000.

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.