Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Trading Up 0.4% – Should You Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares were up 0.4% during mid-day trading on Monday . The stock traded as high as $22.24 and last traded at $22.20. Approximately 1,766,249 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 1,176,115 shares. The stock had previously closed at $22.12.

Invesco DB Commodity Index Tracking Fund Trading Up 0.4 %

The stock has a market cap of $1.36 billion, a P/E ratio of 5.35 and a beta of 0.38. The firm has a 50-day simple moving average of $22.22 and a two-hundred day simple moving average of $22.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco DB Commodity Index Tracking Fund in the fourth quarter valued at approximately $320,000. Copia Wealth Management acquired a new position in Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at $535,000. Ameriflex Group Inc. bought a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 4th quarter valued at $38,000. Toronto Dominion Bank bought a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 4th quarter valued at $448,000. Finally, CSS LLC IL grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 116.5% during the 4th quarter. CSS LLC IL now owns 106,322 shares of the company’s stock worth $2,273,000 after purchasing an additional 57,222 shares in the last quarter. Institutional investors and hedge funds 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.