Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Trading 0.8% Higher – Here’s Why

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price traded up 0.8% on Monday . The company traded as high as $22.19 and last traded at $22.14. 1,027,061 shares were traded during trading, an increase of 21% from the average session volume of 846,593 shares. The stock had previously closed at $21.97.

Invesco DB Commodity Index Tracking Fund Price Performance

The firm’s 50 day moving average price is $21.94 and its two-hundred day moving average price is $22.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. McNamara Financial Services Inc. raised its stake in shares of Invesco DB Commodity Index Tracking Fund by 2.7% during the 3rd quarter. McNamara Financial Services Inc. now owns 23,136 shares of the company’s stock valued at $515,000 after purchasing an additional 618 shares during the period. Sonoma Private Wealth LLC increased its position in shares of Invesco DB Commodity Index Tracking Fund by 4.5% during the third quarter. Sonoma Private Wealth LLC now owns 14,802 shares of the company’s stock valued at $330,000 after buying an additional 640 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 6.2% in the third quarter. Oppenheimer & Co. Inc. now owns 12,956 shares of the company’s stock valued at $289,000 after acquiring an additional 752 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in Invesco DB Commodity Index Tracking Fund by 5.3% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,493 shares of the company’s stock valued at $395,000 after acquiring an additional 931 shares in the last quarter. Finally, Maia Wealth LLC increased its holdings in Invesco DB Commodity Index Tracking Fund by 3.6% during the 4th quarter. Maia Wealth LLC now owns 32,619 shares of the company’s stock worth $715,000 after acquiring an additional 1,121 shares during the period. 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.