Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Jumps 0.5% – Here’s What Happened

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s stock price shot up 0.5% during trading on Monday. The stock traded as high as $95.65 and last traded at $95.40. 6,642 shares were traded during trading, a decline of 63% from the average session volume of 17,942 shares. The stock had previously closed at $94.90.

Invesco DB Precious Metals Fund Price Performance

The business’s fifty day moving average price is $99.86 and its two-hundred day moving average price is $102.34. The stock has a market capitalization of $248.04 million, a PE ratio of 8.02 and a beta of 0.23.

Institutional Trading of Invesco DB Precious Metals Fund

Several large investors have recently added to or reduced their stakes in DBP. Envestnet Asset Management Inc. raised its holdings in shares of Invesco DB Precious Metals Fund by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 125,677 shares of the company’s stock worth $11,622,000 after purchasing an additional 12,880 shares during the last quarter. Power Wealth Management LLC lifted its position in Invesco DB Precious Metals Fund by 468.3% during the second quarter. Power Wealth Management LLC now owns 11,343 shares of the company’s stock valued at $1,049,000 after purchasing an additional 9,347 shares during the period. Gateway Wealth Partners LLC boosted its holdings in Invesco DB Precious Metals Fund by 103.5% in the first quarter. Gateway Wealth Partners LLC now owns 6,430 shares of the company’s stock valued at $708,000 after purchasing an additional 3,271 shares during the last quarter. Gibbs Wealth Management boosted its holdings in Invesco DB Precious Metals Fund by 52.8% in the first quarter. Gibbs Wealth Management now owns 4,944 shares of the company’s stock valued at $544,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Dorsey Wright & Associates grew its position in Invesco DB Precious Metals Fund by 101.4% during the 1st quarter. Dorsey Wright & Associates now owns 76,185 shares of the company’s stock worth $8,383,000 after purchasing an additional 38,349 shares during the period.

About Invesco DB Precious Metals Fund

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.