Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Stock Price Up 0.7% – Should You Buy?

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) rose 0.7% during trading on Monday . The stock traded as high as $22.38 and last traded at $22.32. Approximately 1,281,818 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 864,331 shares. The stock had previously closed at $22.16.

Invesco DB Commodity Index Tracking Fund Stock Up 0.7 %

The stock’s 50 day moving average price is $21.98 and its two-hundred day moving average price is $22.29.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. McNamara Financial Services Inc. boosted its holdings in Invesco DB Commodity Index Tracking Fund by 2.7% during the third quarter. McNamara Financial Services Inc. now owns 23,136 shares of the company’s stock worth $515,000 after buying an additional 618 shares in the last quarter. Sonoma Private Wealth LLC raised its holdings in Invesco DB Commodity Index Tracking Fund by 4.5% in the 3rd quarter. Sonoma Private Wealth LLC now owns 14,802 shares of the company’s stock worth $330,000 after purchasing an additional 640 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Invesco DB Commodity Index Tracking Fund by 6.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,956 shares of the company’s stock valued at $289,000 after buying an additional 752 shares in the last quarter. ORG Partners LLC lifted its holdings in Invesco DB Commodity Index Tracking Fund by 3.6% during the third quarter. ORG Partners LLC now owns 45,021 shares of the company’s stock valued at $1,003,000 after purchasing an additional 1,551 shares in the last quarter. Finally, Barclays PLC lifted its stake in Invesco DB Commodity Index Tracking Fund by 8.0% in the 3rd quarter. Barclays PLC now owns 21,425 shares of the company’s stock valued at $477,000 after buying an additional 1,592 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.