Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sees Strong Trading Volume – Here’s Why

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shares saw strong trading volume on Monday . 1,064,647 shares traded hands during trading, an increase of 40% from the previous session’s volume of 762,917 shares.The stock last traded at $23.61 and had previously closed at $24.43.

Invesco DB Commodity Index Tracking Fund Price Performance

The firm has a fifty day moving average price of $23.12 and a 200 day moving average price of $22.66. The firm has a market capitalization of $1.27 billion, a PE ratio of 5.00 and a beta of 0.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of Invesco DB Commodity Index Tracking Fund by 67.9% during the 1st quarter. Royal Bank of Canada now owns 140,725 shares of the company’s stock valued at $3,166,000 after buying an additional 56,886 shares during the period. NewEdge Advisors LLC increased its position in Invesco DB Commodity Index Tracking Fund by 4.3% in the 1st quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock worth $565,000 after purchasing an additional 1,039 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco DB Commodity Index Tracking Fund by 127.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 436,068 shares of the company’s stock worth $9,812,000 after purchasing an additional 244,174 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco DB Commodity Index Tracking Fund by 4.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,591 shares of the company’s stock valued at $325,000 after buying an additional 568 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Invesco DB Commodity Index Tracking Fund by 13.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,752 shares of the company’s stock valued at $409,000 after buying an additional 2,188 shares in the last quarter. Hedge funds and other institutional investors 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