Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Sets New 1-Year Low – Should You Sell?

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $20.90 and last traded at $20.90, with a volume of 12475 shares. The stock had previously closed at $22.02.

Invesco DB Commodity Index Tracking Fund Stock Down 0.5 %

The company has a fifty day moving average of $22.32 and a 200 day moving average of $22.48.

Hedge Funds Weigh In On Invesco DB Commodity Index Tracking Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Regal Investment Advisors LLC purchased a new stake in Invesco DB Commodity Index Tracking Fund in the second quarter worth about $332,000. Insigneo Advisory Services LLC bought a new position in shares of Invesco DB Commodity Index Tracking Fund in the second quarter worth about $3,008,000. Cedar Wealth Management LLC purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund during the second quarter worth about $925,000. Virtu Financial LLC purchased a new stake in shares of Invesco DB Commodity Index Tracking Fund during the second quarter worth about $1,251,000. Finally, Bank of New York Mellon Corp raised its stake in Invesco DB Commodity Index Tracking Fund by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 105,247 shares of the company’s stock valued at $2,445,000 after purchasing an additional 10,374 shares during the period. Hedge funds and other 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.