Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Reaches New 12-Month Low – Here’s Why

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week low during trading on Friday . The company traded as low as $20.75 and last traded at $20.77, with a volume of 613982 shares trading hands. The stock had previously closed at $21.74.

Invesco DB Commodity Index Tracking Fund Stock Down 4.1 %

The firm has a market capitalization of $1.27 billion, a PE ratio of 5.26 and a beta of 0.23. The business’s fifty day moving average price is $22.20 and its 200 day moving average price is $22.22.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DBC. O Shaughnessy Asset Management LLC boosted its holdings in Invesco DB Commodity Index Tracking Fund by 5.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,569 shares of the company’s stock valued at $205,000 after purchasing an additional 482 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 4.9% in the 4th quarter. Lido Advisors LLC now owns 10,275 shares of the company’s stock worth $220,000 after buying an additional 484 shares in the last quarter. AlTi Global Inc. raised its position in Invesco DB Commodity Index Tracking Fund by 5.0% during the fourth quarter. AlTi Global Inc. now owns 16,278 shares of the company’s stock worth $348,000 after acquiring an additional 777 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in Invesco DB Commodity Index Tracking Fund by 5.3% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 16,618 shares of the company’s stock valued at $355,000 after buying an additional 837 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Invesco DB Commodity Index Tracking Fund by 5.3% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 18,493 shares of the company’s stock worth $395,000 after buying an additional 931 shares during the last quarter. Institutional investors and hedge funds own 48.28% of the company’s stock.

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.