Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Shares Up 1.7% – Still a Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) shot up 1.7% on Tuesday . The stock traded as high as $22.85 and last traded at $22.78. 897,259 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 1,048,968 shares. The stock had previously closed at $22.40.

Invesco DB Commodity Index Tracking Fund Stock Down 0.0 %

The company has a 50-day simple moving average of $22.27 and a two-hundred day simple moving average of $22.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BKM Wealth Management LLC boosted its stake in Invesco DB Commodity Index Tracking Fund by 5.2% during the third quarter. BKM Wealth Management LLC now owns 60,530 shares of the company’s stock valued at $1,348,000 after buying an additional 3,014 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 2,088.4% in the 3rd quarter. International Assets Investment Management LLC now owns 332,400 shares of the company’s stock valued at $7,403,000 after purchasing an additional 317,211 shares during the period. Sonoma Private Wealth LLC boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 4.5% in the 3rd quarter. Sonoma Private Wealth LLC now owns 14,802 shares of the company’s stock valued at $330,000 after purchasing an additional 640 shares during the period. Cordant Inc. boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 5.6% in the 3rd quarter. Cordant Inc. now owns 410,555 shares of the company’s stock valued at $9,143,000 after purchasing an additional 21,639 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Invesco DB Commodity Index Tracking Fund by 3.6% in the 3rd quarter. ORG Partners LLC now owns 45,021 shares of the company’s stock valued at $1,003,000 after purchasing an additional 1,551 shares during the period. Institutional investors 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.