Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Up 1.1% – Should You Buy?

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) shares traded up 1.1% during trading on Friday . The company traded as high as $109.86 and last traded at $109.30. 10,750 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 17,375 shares. The stock had previously closed at $108.15.

More Invesco DB Precious Metals Fund News

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

Invesco DB Precious Metals Fund Price Performance

The firm has a 50 day moving average of $99.97 and a two-hundred day moving average of $88.61. The stock has a market cap of $273.25 million, a PE ratio of 8.02 and a beta of 0.13.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DBP. Osaic Holdings Inc. grew its position in shares of Invesco DB Precious Metals Fund by 2,049.5% in the 2nd quarter. Osaic Holdings Inc. now owns 147,307 shares of the company’s stock valued at $11,069,000 after buying an additional 140,454 shares during the last quarter. Jane Street Group LLC boosted its stake in Invesco DB Precious Metals Fund by 201.7% in the first quarter. Jane Street Group LLC now owns 111,626 shares of the company’s stock valued at $7,976,000 after acquiring an additional 74,630 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco DB Precious Metals Fund by 16.0% in the third quarter. Envestnet Asset Management Inc. now owns 81,705 shares of the company’s stock valued at $7,266,000 after acquiring an additional 11,250 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Invesco DB Precious Metals Fund during the second quarter worth about $3,628,000. Finally, Dorsey Wright & Associates grew its holdings in shares of Invesco DB Precious Metals Fund by 1.4% during the second quarter. Dorsey Wright & Associates now owns 37,350 shares of the company’s stock worth $2,806,000 after purchasing an additional 506 shares during the last quarter.

About Invesco DB Precious Metals Fund

(Get Free Report)

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.

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