Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sees Strong Trading Volume – Here’s What Happened

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares saw an uptick in trading volume on Friday . 2,392,101 shares were traded during trading, an increase of 173% from the previous session’s volume of 876,280 shares.The stock last traded at $27.36 and had previously closed at $26.52.

Invesco DB Commodity Index Tracking Fund Stock Performance

The business has a 50-day moving average of $23.93 and a 200-day moving average of $23.05. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 5.00 and a beta of 0.24.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Several institutional investors have recently bought and sold shares of DBC. Royal Bank of Canada boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 67.9% in the first quarter. Royal Bank of Canada now owns 140,725 shares of the company’s stock valued at $3,166,000 after acquiring an additional 56,886 shares in the last quarter. NewEdge Advisors LLC lifted its position in Invesco DB Commodity Index Tracking Fund by 4.3% in the first quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock valued at $565,000 after purchasing an additional 1,039 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Invesco DB Commodity Index Tracking Fund by 127.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 436,068 shares of the company’s stock valued at $9,812,000 after purchasing an additional 244,174 shares in the last quarter. Atria Investments Inc boosted its holdings in Invesco DB Commodity Index Tracking Fund by 18.0% in the 2nd quarter. Atria Investments Inc now owns 67,522 shares of the company’s stock valued at $1,473,000 after purchasing an additional 10,293 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Invesco DB Commodity Index Tracking Fund by 15.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 8,118 shares of the company’s stock worth $177,000 after purchasing an additional 1,060 shares during the period. 48.28% of the stock is owned by institutional investors and hedge funds.

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