Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Stock Price Down 0.9% – Time to Sell?

Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) traded down 0.9% on Tuesday . The stock traded as low as $22.58 and last traded at $22.59. 181,199 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 958,139 shares. The stock had previously closed at $22.80.

Invesco DB Commodity Index Tracking Fund Price Performance

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 5.00 and a beta of 0.24. The firm has a fifty day simple moving average of $22.38 and a two-hundred day simple moving average of $21.97.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Savant Capital LLC raised its position in Invesco DB Commodity Index Tracking Fund by 2.0% during the second quarter. Savant Capital LLC now owns 27,897 shares of the company’s stock valued at $608,000 after acquiring an additional 559 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in Invesco DB Commodity Index Tracking Fund by 5.3% during the second quarter. Flagship Harbor Advisors LLC now owns 11,244 shares of the company’s stock valued at $245,000 after acquiring an additional 567 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Invesco DB Commodity Index Tracking Fund by 4.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,591 shares of the company’s stock valued at $325,000 after acquiring an additional 568 shares in the last quarter. IFP Advisors Inc raised its position in Invesco DB Commodity Index Tracking Fund by 9.5% during the second quarter. IFP Advisors Inc now owns 10,031 shares of the company’s stock valued at $219,000 after acquiring an additional 868 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Invesco DB Commodity Index Tracking Fund by 4.8% in the first quarter. Arkadios Wealth Advisors now owns 21,378 shares of the company’s stock valued at $481,000 after buying an additional 975 shares in the last quarter. 48.28% of the stock is currently owned by hedge funds and other 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.