Invesco DB Precious Metals Fund (NYSEARCA:DBP) Trading Up 0.4% – Here’s Why

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s stock price rose 0.4% during mid-day trading on Tuesday . The company traded as high as $60.74 and last traded at $60.71. Approximately 1,097 shares were traded during trading, a decline of 92% from the average daily volume of 13,596 shares. The stock had previously closed at $60.45.

Invesco DB Precious Metals Fund Price Performance

The stock has a market capitalization of $154.81 million, a price-to-earnings ratio of 6.05 and a beta of 0.22. The business has a fifty day moving average of $64.62 and a 200-day moving average of $61.71.

Institutional Trading of Invesco DB Precious Metals Fund

A number of large investors have recently added to or reduced their stakes in the business. Focus Financial Network Inc. acquired a new position in shares of Invesco DB Precious Metals Fund in the 3rd quarter valued at $496,000. Prospera Financial Services Inc lifted its stake in Invesco DB Precious Metals Fund by 13.6% during the third quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock valued at $381,000 after buying an additional 717 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Invesco DB Precious Metals Fund in the second quarter worth about $336,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Invesco DB Precious Metals Fund in the third quarter worth approximately $339,000.

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.