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

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $33.91 and last traded at $33.9550, with a volume of 47,223 shares. The stock had previously closed at $33.57.

Invesco DB Commodity Index Tracking Fund Stock Up 1.2%

The stock has a market capitalization of $2.01 billion, a P/E ratio of 5.00 and a beta of 0.12. The stock’s 50 day moving average price is $32.35 and its 200-day moving average price is $30.27.

Institutional Investors Weigh In On Invesco DB Commodity Index Tracking Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 369.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 401,415 shares of the company’s stock valued at $10,702,000 after buying an additional 315,947 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Invesco DB Commodity Index Tracking Fund by 1.3% in the 1st quarter. Cetera Investment Advisers now owns 250,997 shares of the company’s stock valued at $7,266,000 after acquiring an additional 3,223 shares during the period. Gladwyn Financial Advisors Inc. raised its stake in Invesco DB Commodity Index Tracking Fund by 6.2% in the 2nd quarter. Gladwyn Financial Advisors Inc. now owns 176,058 shares of the company’s stock worth $4,694,000 after acquiring an additional 10,295 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco DB Commodity Index Tracking Fund by 76.7% in the 1st quarter. Royal Bank of Canada now owns 146,926 shares of the company’s stock worth $4,253,000 after acquiring an additional 63,778 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Invesco DB Commodity Index Tracking Fund by 3.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 143,440 shares of the company’s stock worth $4,153,000 after acquiring an additional 4,991 shares during the last quarter. 48.28% of the stock is currently owned by hedge funds and other institutional investors.

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