Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) traded up 0.9% during mid-day trading on Tuesday. The stock traded as high as $32.69 and last traded at $32.69. Approximately 909,005 shares changed hands during trading, a decline of 23% from the average daily volume of 1,176,750 shares. The stock had previously closed at $32.39.
Invesco DB Commodity Index Tracking Fund Stock Up 0.9%
The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.00 and a beta of 0.12. The business’s fifty day moving average is $31.38 and its 200 day moving average is $29.88.
Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 369.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 401,415 shares of the company’s stock worth $10,702,000 after acquiring an additional 315,947 shares in the last quarter. Marino Management LLC purchased a new position in Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at approximately $3,531,000. Royal Bank of Canada increased its stake in Invesco DB Commodity Index Tracking Fund by 76.7% in the 1st quarter. Royal Bank of Canada now owns 146,926 shares of the company’s stock valued at $4,253,000 after purchasing an additional 63,778 shares in the last quarter. Militia Capital Management LLC purchased a new position in Invesco DB Commodity Index Tracking Fund in the 1st quarter valued at approximately $1,527,000. Finally, Fifth Third Bancorp acquired a new position in Invesco DB Commodity Index Tracking Fund during the first quarter worth $1,109,000. 48.28% of the stock is owned by institutional investors.
Invesco DB Commodity Index Tracking Fund Company Profile
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
See Also
- Five stocks we like better than Invesco DB Commodity Index Tracking Fund
- Constellation Energy’s Google Deal Shows Why Nuclear Uprates Matter for AI
- Lamb Weston’s Turnaround Is Starting to Look Real
- These 3 Stocks Got the Most Love From Analysts in September
- Record French Debt Could Create Opportunities for U.S. Market Operators
Receive News & Ratings for Invesco DB Commodity Index Tracking Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Commodity Index Tracking Fund and related companies with MarketBeat.com's FREE daily email newsletter.
