Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 12-Month High – Still a Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.47 and last traded at $23.4250, with a volume of 297315 shares changing hands. The stock had previously closed at $23.19.

Invesco DB Commodity Index Tracking Fund Stock Performance

The stock has a 50 day moving average of $22.84 and a 200-day moving average of $22.49. The company has a market cap of $1.28 billion, a PE ratio of 5.00 and a beta of 0.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Knollwood Investment Advisory LLC increased its position in Invesco DB Commodity Index Tracking Fund by 2.6% during the third quarter. Knollwood Investment Advisory LLC now owns 18,904 shares of the company’s stock worth $426,000 after purchasing an additional 479 shares during the last quarter. Savant Capital LLC boosted its holdings in Invesco DB Commodity Index Tracking Fund by 2.0% in the second quarter. Savant Capital LLC now owns 27,897 shares of the company’s stock valued at $608,000 after purchasing an additional 559 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Invesco DB Commodity Index Tracking Fund by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,096 shares of the company’s stock worth $2,390,000 after acquiring an additional 563 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 5.3% during the second quarter. Flagship Harbor Advisors LLC now owns 11,244 shares of the company’s stock worth $245,000 after buying an additional 567 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Invesco DB Commodity Index Tracking Fund by 4.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,591 shares of the company’s stock valued at $325,000 after acquiring an additional 568 shares during the period. Hedge funds and other 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. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people