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

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.10 and last traded at $29.10, with a volume of 106107 shares trading hands. The stock had previously closed at $28.76.

Invesco DB Commodity Index Tracking Fund Stock Performance

The stock has a market cap of $1.58 billion, a PE ratio of 5.00 and a beta of 0.24. The stock has a fifty day moving average price of $24.82 and a 200 day moving average price of $23.42.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 555.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 1,000 shares during the last quarter. Jessup Wealth Management Inc bought a new position in Invesco DB Commodity Index Tracking Fund during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust purchased a new stake in Invesco DB Commodity Index Tracking Fund in the 4th quarter worth about $46,000. International Assets Investment Management LLC purchased a new stake in Invesco DB Commodity Index Tracking Fund in the 4th quarter worth about $48,000. Finally, Caitlin John LLC bought a new stake in Invesco DB Commodity Index Tracking Fund in the third quarter worth about $53,000. Institutional investors own 48.28% of the company’s stock.

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