Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC – Get Free Report)’s share price dropped 4.8% on Monday . The stock traded as low as $27.46 and last traded at $27.5560. Approximately 579,226 shares changed hands during trading, a decline of 45% from the average daily volume of 1,060,469 shares. The stock had previously closed at $28.94.
Invesco DB Commodity Index Tracking Fund Stock Down 1.4%
The company has a market capitalization of $1.51 billion, a PE ratio of 5.00 and a beta of 0.24. The firm’s 50-day moving average is $25.38 and its 200-day moving average is $23.64.
Institutional Trading of Invesco DB Commodity Index Tracking Fund
A number of hedge funds have recently bought and sold shares of DBC. Strategic Investment Solutions Inc. IL raised its stake in shares of Invesco DB Commodity Index Tracking Fund by 555.6% during the third 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 in the last quarter. Jessup Wealth Management Inc purchased a new position in Invesco DB Commodity Index Tracking Fund in the 4th quarter worth $28,000. Parkside Financial Bank & Trust bought a new stake in Invesco DB Commodity Index Tracking Fund in the fourth quarter worth $46,000. International Assets Investment Management LLC bought a new stake in Invesco DB Commodity Index Tracking Fund in the fourth quarter worth $48,000. Finally, Caitlin John LLC purchased a new stake in Invesco DB Commodity Index Tracking Fund during the third quarter valued at about $53,000. Institutional investors own 48.28% of the company’s stock.
About Invesco DB Commodity Index Tracking Fund
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
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