Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report) shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $30.13 and last traded at $30.11. 1,078,874 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 1,256,122 shares. The stock had previously closed at $29.97.
Invesco DB Commodity Index Tracking Fund Stock Up 0.8%
The company’s fifty day simple moving average is $28.38 and its 200 day simple moving average is $28.12. The firm has a market capitalization of $1.78 billion, a PE ratio of 5.00 and a beta of 0.09.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Invesco DB Commodity Index Tracking Fund by 67.9% in the first quarter. Royal Bank of Canada now owns 140,725 shares of the company’s stock worth $3,166,000 after purchasing an additional 56,886 shares during the period. NewEdge Advisors LLC lifted its position in Invesco DB Commodity Index Tracking Fund by 4.3% during the first quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock valued at $565,000 after buying an additional 1,039 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 127.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 436,068 shares of the company’s stock valued at $9,812,000 after buying an additional 244,174 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 161.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 208,268 shares of the company’s stock valued at $4,542,000 after buying an additional 128,680 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,096 shares of the company’s stock valued at $2,390,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors 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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