Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Price Down 2.1% – Should You Sell?

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report)’s stock price dropped 2.1% during mid-day trading on Friday . The stock traded as low as $117.55 and last traded at $117.72. Approximately 10,681 shares were traded during trading, a decline of 57% from the average daily volume of 25,034 shares. The stock had previously closed at $120.27.

Key Stories Impacting Invesco DB Precious Metals Fund

Here are the key news stories impacting Invesco DB Precious Metals Fund this week:

Invesco DB Precious Metals Fund Trading Down 2.1%

The firm has a market capitalization of $294.30 million, a P/E ratio of 8.02 and a beta of 0.13. The company has a 50 day simple moving average of $118.91 and a two-hundred day simple moving average of $102.34.

Hedge Funds Weigh In On Invesco DB Precious Metals Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DBP. Kestra Advisory Services LLC purchased a new position in Invesco DB Precious Metals Fund during the fourth quarter valued at $28,000. Financial Network Wealth Advisors LLC lifted its stake in Invesco DB Precious Metals Fund by 147.6% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 307 shares of the company’s stock worth $32,000 after purchasing an additional 183 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Invesco DB Precious Metals Fund during the 3rd quarter valued at about $77,000. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco DB Precious Metals Fund by 42.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 905 shares of the company’s stock valued at $93,000 after purchasing an additional 270 shares during the last quarter. Finally, WestEnd Advisors LLC purchased a new position in shares of Invesco DB Precious Metals Fund during the fourth quarter valued at about $117,000.

About Invesco DB Precious Metals Fund

(Get Free Report)

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.

Further Reading

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