Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 52-Week High – Here’s What Happened

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $31.54 and last traded at $31.4920, with a volume of 31453 shares traded. The stock had previously closed at $31.06.

Invesco DB Commodity Index Tracking Fund Stock Performance

The stock has a fifty day simple moving average of $28.81 and a 200-day simple moving average of $25.22. The stock has a market cap of $1.81 billion, a P/E ratio of 5.00 and a beta of 0.10.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

A number of large investors have recently bought and sold shares of DBC. Northland Securities Inc. boosted its holdings in Invesco DB Commodity Index Tracking Fund by 42.1% during the first quarter. Northland Securities Inc. now owns 17,096 shares of the company’s stock worth $495,000 after purchasing an additional 5,067 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 59.8% in the 1st quarter. International Assets Investment Management LLC now owns 3,395 shares of the company’s stock valued at $97,000 after acquiring an additional 1,270 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Invesco DB Commodity Index Tracking Fund in the 1st quarter valued at about $1,109,000. First Horizon Corp increased its position in shares of Invesco DB Commodity Index Tracking Fund by 207.1% in the first quarter. First Horizon Corp now owns 24,928 shares of the company’s stock valued at $722,000 after acquiring an additional 16,810 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Invesco DB Commodity Index Tracking Fund by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 40,469 shares of the company’s stock worth $1,172,000 after acquiring an additional 4,020 shares in the last quarter. Institutional investors and hedge funds own 48.28% of the company’s stock.

About Invesco DB Commodity Index Tracking Fund

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