Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 12-Month High – Here’s What Happened

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week high on Monday . The stock traded as high as $31.79 and last traded at $31.6960, with a volume of 831619 shares traded. The stock had previously closed at $31.19.

Invesco DB Commodity Index Tracking Fund Stock Performance

The firm has a market cap of $1.81 billion, a PE ratio of 5.00 and a beta of 0.10. The stock’s 50 day simple moving average is $29.25 and its 200 day simple moving average is $25.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC increased its stake in Invesco DB Commodity Index Tracking Fund by 2.4% in the fourth quarter. Orion Porfolio Solutions LLC now owns 18,842 shares of the company’s stock valued at $421,000 after acquiring an additional 434 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 4.5% in the 4th quarter. Independent Advisor Alliance now owns 10,754 shares of the company’s stock worth $240,000 after purchasing an additional 461 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco DB Commodity Index Tracking Fund by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,084 shares of the company’s stock valued at $449,000 after purchasing an additional 471 shares during the last quarter. Knollwood Investment Advisory LLC raised its holdings in shares of Invesco DB Commodity Index Tracking Fund by 2.6% during the 3rd quarter. Knollwood Investment Advisory LLC now owns 18,904 shares of the company’s stock valued at $426,000 after buying an additional 479 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its holdings in shares of Invesco DB Commodity Index Tracking Fund by 3.3% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 17,165 shares of the company’s stock valued at $384,000 after buying an additional 547 shares in the last quarter. 48.28% of the stock is currently owned by hedge funds and other institutional investors.

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