Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Hits New 1-Year High – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s share price hit a new 52-week high on Friday. The stock traded as high as $33.91 and last traded at $33.9550, with a volume of 47,223 shares traded. The stock had previously closed at $33.57.

Invesco DB Commodity Index Tracking Fund Stock Performance

The business’s 50-day moving average price is $32.35 and its 200-day moving average price is $30.27. The stock has a market cap of $2.01 billion, a P/E ratio of 5.00 and a beta of 0.12.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Summer Road LLC purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund during the 1st quarter valued at about $79,000. International Assets Investment Management LLC lifted 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 during the last quarter. Farther Finance Advisors LLC grew its position in Invesco DB Commodity Index Tracking Fund by 155.1% in the third quarter. Farther Finance Advisors LLC now owns 5,179 shares of the company’s stock worth $167,000 after acquiring an additional 3,149 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 13.6% in the 1st quarter. Sound Income Strategies LLC now owns 6,277 shares of the company’s stock worth $180,000 after purchasing an additional 750 shares during the period. Finally, Narus Financial Partners LLC bought a new position in Invesco DB Commodity Index Tracking Fund during the 1st quarter valued at about $217,000. 48.28% of the stock is 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