Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 12-Month High – What’s Next?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares hit a new 52-week high on Wednesday . The stock traded as high as $29.10 and last traded at $29.10, with a volume of 106107 shares. The stock had previously closed at $28.76.

Invesco DB Commodity Index Tracking Fund Price Performance

The stock’s 50-day moving average price is $25.07 and its 200 day moving average price is $23.49. The firm has a market cap of $1.56 billion, a P/E ratio of 5.00 and a beta of 0.24.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Several hedge funds have recently modified their holdings of DBC. Strategic Investment Solutions Inc. IL increased its position in shares of Invesco DB Commodity Index Tracking Fund by 555.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 1,000 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust bought a new position in Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at approximately $46,000. International Assets Investment Management LLC bought a new position in Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at approximately $48,000. Finally, Caitlin John LLC acquired a new position in shares of Invesco DB Commodity Index Tracking Fund during the 3rd quarter worth approximately $53,000. 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