Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Shares Down 0.8% – Should You Sell?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC)’s stock price fell 0.8% during trading on Tuesday . The stock traded as low as $21.59 and last traded at $21.62. 378,262 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 1,138,521 shares. The stock had previously closed at $21.79.

Invesco DB Commodity Index Tracking Fund Trading Down 0.8%

The firm’s 50-day moving average price is $22.23 and its 200 day moving average price is $21.84. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.00 and a beta of 0.54.

Institutional Trading of Invesco DB Commodity Index Tracking Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd lifted its position in shares of Invesco DB Commodity Index Tracking Fund by 331.9% during the 2nd quarter. Quadrature Capital Ltd now owns 796,744 shares of the company’s stock worth $17,373,000 after buying an additional 612,267 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 worth $9,812,000 after buying an additional 244,174 shares during the last quarter. Cordant Inc. lifted its position in shares of Invesco DB Commodity Index Tracking Fund by 3.7% during the 2nd quarter. Cordant Inc. now owns 433,443 shares of the company’s stock worth $9,453,000 after buying an additional 15,454 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco DB Commodity Index Tracking Fund by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 328,514 shares of the company’s stock valued at $7,165,000 after buying an additional 4,395 shares in the last quarter. Finally, Avos Capital Management LLC acquired a new stake in Invesco DB Commodity Index Tracking Fund in the first quarter valued at approximately $5,716,000. 48.28% of the stock is currently owned by institutional investors.

About Invesco DB Commodity Index Tracking Fund

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.