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

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $31.86 and last traded at $31.8150, with a volume of 972010 shares traded. The stock had previously closed at $31.30.

Invesco DB Commodity Index Tracking Fund Stock Up 2.0%

The stock has a market cap of $1.89 billion, a P/E ratio of 5.00 and a beta of 0.09. The company has a 50-day simple moving average of $28.95 and a two-hundred day simple moving average of $28.66.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Hedge funds have recently modified their holdings of the company. Jessup Wealth Management Inc bought a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust purchased a new stake in Invesco DB Commodity Index Tracking Fund in the 4th quarter worth approximately $46,000. International Assets Investment Management LLC purchased a new stake in Invesco DB Commodity Index Tracking Fund in the 4th quarter worth approximately $48,000. Covestor Ltd grew its position in shares of Invesco DB Commodity Index Tracking Fund by 110.6% in the 4th quarter. Covestor Ltd now owns 2,631 shares of the company’s stock worth $59,000 after buying an additional 1,382 shares during the last quarter. Finally, Summer Road LLC bought a new stake in shares of Invesco DB Commodity Index Tracking Fund in the 1st quarter worth approximately $79,000. 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