Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Shares Up 0.8% – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price shot up 0.8% during trading on Monday . The company traded as high as $29.58 and last traded at $29.47. 654,186 shares traded hands during trading, a decline of 51% from the average session volume of 1,343,610 shares. The stock had previously closed at $29.23.

Invesco DB Commodity Index Tracking Fund Price Performance

The firm has a market capitalization of $1.70 billion, a P/E ratio of 5.00 and a beta of 0.08. The business’s 50-day moving average is $29.90 and its 200 day moving average is $26.29.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Several hedge funds have recently bought and sold shares of DBC. JPMorgan Chase & Co. grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 670.3% during the 4th quarter. JPMorgan Chase & Co. now owns 817,253 shares of the company’s stock valued at $18,274,000 after purchasing an additional 711,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 194.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 494,207 shares of the company’s stock valued at $11,050,000 after purchasing an additional 326,632 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 1,998.7% during the 3rd quarter. Lido Advisors LLC now owns 303,656 shares of the company’s stock valued at $6,842,000 after purchasing an additional 289,187 shares during the last quarter. Man Group plc grew its holdings in shares of Invesco DB Commodity Index Tracking Fund by 1,834.2% during the 3rd quarter. Man Group plc now owns 269,844 shares of the company’s stock valued at $6,080,000 after purchasing an additional 255,893 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 valued at $9,812,000 after purchasing an additional 244,174 shares during the last quarter. 48.28% of the stock is owned by 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