Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 12-Month High – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week high during trading on Wednesday . The company traded as high as $23.79 and last traded at $23.7150, with a volume of 93621 shares changing hands. The stock had previously closed at $23.48.

Invesco DB Commodity Index Tracking Fund Stock Up 1.1%

The stock’s fifty day moving average is $22.88 and its 200-day moving average is $22.54. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 5.00 and a beta of 0.24.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Large investors have recently bought and sold shares of the business. eCIO Inc. acquired a new position in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at approximately $57,000. Redhawk Wealth Advisors Inc. boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 3.3% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 19,098 shares of the company’s stock worth $427,000 after buying an additional 605 shares during the period. Mechanics Bank Trust Department acquired a new stake in Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at approximately $203,000. Wealthcare Advisory Partners LLC lifted its stake in Invesco DB Commodity Index Tracking Fund by 8.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 32,413 shares of the company’s stock valued at $725,000 after acquiring an additional 2,641 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Invesco DB Commodity Index Tracking Fund during the 4th quarter worth approximately $777,000. 48.28% of the stock is owned by 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