Invesco DB Precious Metals Fund (NYSEARCA:DBP) Trading Up 0.4% – Still a Buy?

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s share price shot up 0.4% during trading on Tuesday . The company traded as high as $60.74 and last traded at $60.71. 1,097 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 13,596 shares. The stock had previously closed at $60.45.

Invesco DB Precious Metals Fund Stock Up 0.4 %

The stock has a market cap of $154.81 million, a P/E ratio of 6.05 and a beta of 0.22. The firm’s 50 day simple moving average is $64.62 and its two-hundred day simple moving average is $61.71.

Hedge Funds Weigh In On Invesco DB Precious Metals Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC acquired a new stake in Invesco DB Precious Metals Fund in the third quarter worth $339,000. Prospera Financial Services Inc increased its holdings in shares of Invesco DB Precious Metals Fund by 13.6% in the 3rd quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock worth $381,000 after acquiring an additional 717 shares during the period. Focus Financial Network Inc. acquired a new stake in shares of Invesco DB Precious Metals Fund in the 3rd quarter worth about $496,000. Finally, Foundations Investment Advisors LLC bought a new stake in Invesco DB Precious Metals Fund in the 2nd quarter valued at about $336,000.

Invesco DB Precious Metals Fund Company Profile

The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBP was launched on Jan 5, 2007 and is managed by Invesco.