Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 1-Year High – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $32.33 and last traded at $32.3180, with a volume of 81358 shares. The stock had previously closed at $31.90.

Invesco DB Commodity Index Tracking Fund Price Performance

The company has a market cap of $1.91 billion, a P/E ratio of 5.00 and a beta of 0.10. The business’s 50 day moving average price is $29.47 and its 200-day moving average price is $28.95.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Several large investors have recently made changes to their positions in DBC. Orion Porfolio Solutions LLC increased its position in Invesco DB Commodity Index Tracking Fund by 2.4% in the 4th quarter. Orion Porfolio Solutions LLC now owns 18,842 shares of the company’s stock valued at $421,000 after acquiring an additional 434 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of Invesco DB Commodity Index Tracking Fund by 4.5% in the fourth quarter. Independent Advisor Alliance now owns 10,754 shares of the company’s stock valued at $240,000 after purchasing an additional 461 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Invesco DB Commodity Index Tracking Fund by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,084 shares of the company’s stock worth $449,000 after purchasing an additional 471 shares during the last quarter. Knollwood Investment Advisory LLC lifted its holdings in Invesco DB Commodity Index Tracking Fund by 2.6% during the 3rd quarter. Knollwood Investment Advisory LLC now owns 18,904 shares of the company’s stock worth $426,000 after buying an additional 479 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its position in Invesco DB Commodity Index Tracking Fund by 3.3% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 17,165 shares of the company’s stock valued at $384,000 after buying an additional 547 shares during the last quarter. Institutional investors own 48.28% of the company’s stock.

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