Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s share price rose 0.8% during mid-day trading on Monday . The stock traded as high as $29.58 and last traded at $29.47. Approximately 654,186 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 1,343,610 shares. The stock had previously closed at $29.23.
Invesco DB Commodity Index Tracking Fund Price Performance
The firm’s 50-day moving average price is $29.90 and its 200-day moving average price is $26.33. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 5.00 and a beta of 0.08.
Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund
Several large investors have recently made changes to their positions in DBC. Bank of America Corp DE boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 1.7% in the third quarter. Bank of America Corp DE now owns 4,123,577 shares of the company’s stock valued at $92,904,000 after purchasing an additional 67,602 shares during the period. JPMorgan Chase & Co. boosted its stake in Invesco DB Commodity Index Tracking Fund by 670.3% during the 4th quarter. JPMorgan Chase & Co. now owns 817,253 shares of the company’s stock valued at $18,274,000 after acquiring an additional 711,157 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco DB Commodity Index Tracking Fund by 1.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 627,807 shares of the company’s stock valued at $14,144,000 after acquiring an additional 10,765 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco DB Commodity Index Tracking Fund by 194.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 494,207 shares of the company’s stock valued at $11,050,000 after acquiring an additional 326,632 shares during the last quarter. Finally, Palumbo Wealth Management LLC boosted its stake in Invesco DB Commodity Index Tracking Fund by 3.9% during the 4th quarter. Palumbo Wealth Management LLC now owns 485,566 shares of the company’s stock valued at $10,857,000 after acquiring an additional 18,271 shares during the last quarter. Institutional investors and hedge funds own 48.28% of the company’s stock.
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. 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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