Invesco DB Precious Metals Fund (NYSEARCA:DBP – Get Free Report) shares were up 1.1% on Tuesday . The company traded as high as $69.95 and last traded at $69.85. Approximately 5,590 shares traded hands during trading, a decline of 60% from the average daily volume of 13,858 shares. The stock had previously closed at $69.11.
Invesco DB Precious Metals Fund Stock Up 1.1 %
The firm has a market capitalization of $174.63 million, a price-to-earnings ratio of 7.50 and a beta of 0.30. The stock’s fifty day moving average is $65.65 and its two-hundred day moving average is $64.30.
Hedge Funds Weigh In On Invesco DB Precious Metals Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc boosted its position in Invesco DB Precious Metals Fund by 13.6% during the third quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock worth $381,000 after purchasing an additional 717 shares during the period. Copia Wealth Management bought a new position in Invesco DB Precious Metals Fund during the fourth quarter worth $114,000. American Trust bought a new stake in shares of Invesco DB Precious Metals Fund in the fourth quarter valued at about $234,000. Kingsview Wealth Management LLC bought a new stake in shares of Invesco DB Precious Metals Fund in the third quarter valued at about $339,000. Finally, Focus Financial Network Inc. boosted its position in shares of Invesco DB Precious Metals Fund by 72.5% in the fourth quarter. Focus Financial Network Inc. now owns 13,423 shares of the company’s stock valued at $815,000 after acquiring an additional 5,643 shares during the period.
About Invesco DB Precious Metals Fund
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.
See Also
- Five stocks we like better than Invesco DB Precious Metals Fund
- Using the MarketBeat Dividend Tax Calculator
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- 3 Warren Buffett Stocks to Buy Now
- 3 Must-Own Stocks to Build Wealth This Decade
- There Are Different Types of Stock To Invest In
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for Invesco DB Precious Metals Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Precious Metals Fund and related companies with MarketBeat.com's FREE daily email newsletter.
