Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Price Up 1.1% – Still a Buy?

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) shares were up 1.1% during trading on Friday . The company traded as high as $105.31 and last traded at $104.78. Approximately 10,373 shares changed hands during trading, a decline of 36% from the average daily volume of 16,280 shares. The stock had previously closed at $103.68.

Key Stores Impacting Invesco DB Precious Metals Fund

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

Invesco DB Precious Metals Fund Price Performance

The stock has a market capitalization of $261.95 million, a PE ratio of 8.02 and a beta of 0.13. The company has a 50 day moving average price of $96.35 and a 200-day moving average price of $85.36.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in shares of Invesco DB Precious Metals Fund by 2,049.5% during the 2nd quarter. Osaic Holdings Inc. now owns 147,307 shares of the company’s stock valued at $11,069,000 after purchasing an additional 140,454 shares in the last quarter. Jane Street Group LLC lifted its holdings in Invesco DB Precious Metals Fund by 201.7% in the first quarter. Jane Street Group LLC now owns 111,626 shares of the company’s stock worth $7,976,000 after buying an additional 74,630 shares during the period. Advisory Services Network LLC purchased a new stake in Invesco DB Precious Metals Fund in the second quarter worth about $3,628,000. Flow Traders U.S. LLC bought a new stake in Invesco DB Precious Metals Fund during the 2nd quarter valued at approximately $1,251,000. Finally, American Trust purchased a new position in shares of Invesco DB Precious Metals Fund during the 2nd quarter worth approximately $1,044,000.

Invesco DB Precious Metals Fund Company Profile

(Get Free Report)

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.

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