Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Stock Price Up 0.7% – Time to Buy?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price shot up 0.7% during trading on Monday . The company traded as high as $22.38 and last traded at $22.32. 1,281,818 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 864,331 shares. The stock had previously closed at $22.16.

Invesco DB Commodity Index Tracking Fund Stock Performance

The company has a 50 day simple moving average of $21.98 and a two-hundred day simple moving average of $22.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DBC. Natixis Advisors LLC bought a new position in Invesco DB Commodity Index Tracking Fund in the 3rd quarter valued at $228,000. Innova Wealth Partners bought a new position in Invesco DB Commodity Index Tracking Fund during the 4th quarter worth about $260,000. Oppenheimer & Co. Inc. increased its position in Invesco DB Commodity Index Tracking Fund by 6.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,956 shares of the company’s stock valued at $289,000 after purchasing an additional 752 shares during the period. Regal Investment Advisors LLC bought a new stake in shares of Invesco DB Commodity Index Tracking Fund in the 2nd quarter valued at about $332,000. Finally, Sonoma Private Wealth LLC lifted 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 worth $330,000 after purchasing an additional 640 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.