Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 1-Year Low – Here’s Why

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $19.84 and last traded at $20.89, with a volume of 3430130 shares. The stock had previously closed at $20.16.

Invesco DB Commodity Index Tracking Fund Stock Up 3.6 %

The company has a market cap of $1.28 billion, a P/E ratio of 5.26 and a beta of 0.23. The business’s 50 day moving average is $22.03 and its 200 day moving average is $22.16.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

A number of large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at $320,000. Copia Wealth Management acquired a new position in shares of Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at $535,000. Ameriflex Group Inc. acquired a new position in shares of Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at $38,000. Toronto Dominion Bank acquired a new position in shares of Invesco DB Commodity Index Tracking Fund in the 4th quarter valued at $448,000. Finally, CSS LLC IL increased its position in shares of Invesco DB Commodity Index Tracking Fund by 116.5% in the 4th quarter. CSS LLC IL now owns 106,322 shares of the company’s stock valued at $2,273,000 after acquiring an additional 57,222 shares during the period. 48.28% of the stock is owned by institutional investors and hedge funds.

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.