Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 1-Year High – Still a Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.79 and last traded at $31.6960, with a volume of 831619 shares trading hands. The stock had previously closed at $31.19.

Invesco DB Commodity Index Tracking Fund Price Performance

The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.00 and a beta of 0.10. The firm’s fifty day moving average is $29.43 and its 200-day moving average is $25.59.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Invesco DB Commodity Index Tracking Fund by 76.7% during the first quarter. Royal Bank of Canada now owns 146,926 shares of the company’s stock valued at $4,253,000 after purchasing an additional 63,778 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Invesco DB Commodity Index Tracking Fund by 3.6% during the first quarter. The Manufacturers Life Insurance Company now owns 143,440 shares of the company’s stock valued at $4,153,000 after purchasing an additional 4,991 shares during the last quarter. Cetera Investment Advisers increased its stake in Invesco DB Commodity Index Tracking Fund by 1.3% during the first quarter. Cetera Investment Advisers now owns 250,997 shares of the company’s stock valued at $7,266,000 after purchasing an additional 3,223 shares during the last quarter. Militia Capital Management LLC bought a new stake in Invesco DB Commodity Index Tracking Fund during the first quarter valued at $1,527,000. Finally, Northland Securities Inc. increased its stake in Invesco DB Commodity Index Tracking Fund by 42.1% during the first quarter. Northland Securities Inc. now owns 17,096 shares of the company’s stock valued at $495,000 after purchasing an additional 5,067 shares during the last quarter. 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