Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Down 2.1% – What’s Next?

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) shares were down 2.1% during mid-day trading on Friday . The stock traded as low as $117.55 and last traded at $117.72. Approximately 10,681 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 25,034 shares. The stock had previously closed at $120.27.

Key Headlines Impacting Invesco DB Precious Metals Fund

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

Invesco DB Precious Metals Fund Stock Down 2.1%

The business’s 50-day simple moving average is $118.91 and its two-hundred day simple moving average is $102.16. The firm has a market cap of $294.30 million, a price-to-earnings ratio of 8.02 and a beta of 0.13.

Institutional Trading of Invesco DB Precious Metals Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its position in shares of Invesco DB Precious Metals Fund by 2,049.5% during 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 in the last quarter. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 74,630 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Invesco DB Precious Metals Fund during the second quarter worth about $3,628,000. Pinebridge Investments LLC purchased a new stake in shares of Invesco DB Precious Metals Fund during the fourth quarter worth about $3,293,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Invesco DB Precious Metals Fund by 18.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 133,746 shares of the company’s stock worth $13,750,000 after purchasing an additional 21,293 shares during the last quarter.

Invesco DB Precious Metals Fund Company Profile

(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.

Read More

Receive News & Ratings for Invesco DB Precious Metals Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DB Precious Metals Fund and related companies with MarketBeat.com's FREE daily email newsletter.