Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Shares Up 0.4% – What’s Next?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares were up 0.4% during 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 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 Stock Up 0.4 %

The business’s fifty day moving average is $22.22 and its two-hundred day moving average is $22.18. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 5.35 and a beta of 0.38.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management raised its position in shares of Invesco DB Commodity Index Tracking Fund by 8.9% during the 4th quarter. Brookstone Capital Management now owns 20,989 shares of the company’s stock valued at $449,000 after acquiring an additional 1,707 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Invesco DB Commodity Index Tracking Fund by 5.3% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,493 shares of the company’s stock worth $395,000 after purchasing an additional 931 shares during the period. Cordant Inc. increased its holdings in Invesco DB Commodity Index Tracking Fund by 4.7% in the fourth quarter. Cordant Inc. now owns 429,681 shares of the company’s stock valued at $9,187,000 after purchasing an additional 19,126 shares during the last quarter. ORG Partners LLC lifted its stake in Invesco DB Commodity Index Tracking Fund by 16.6% in the fourth quarter. ORG Partners LLC now owns 52,491 shares of the company’s stock valued at $1,123,000 after buying an additional 7,470 shares during the period. Finally, Innova Wealth Partners bought a new position in Invesco DB Commodity Index Tracking Fund during the fourth quarter worth about $260,000. Institutional investors 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.