Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) Hits New 52-Week Low – Time to Sell?

Shares of Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.75 and last traded at $20.77, with a volume of 613982 shares trading hands. The stock had previously closed at $21.74.

Invesco DB Commodity Index Tracking Fund Stock Performance

The firm has a 50-day moving average of $22.17 and a 200-day moving average of $22.22. The firm has a market capitalization of $1.28 billion, a P/E ratio of 5.26 and a beta of 0.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its position in Invesco DB Commodity Index Tracking Fund by 52.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 19,531 shares of the company’s stock worth $435,000 after buying an additional 6,735 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Invesco DB Commodity Index Tracking Fund by 22.9% in the third quarter. Stifel Financial Corp now owns 124,658 shares of the company’s stock worth $2,776,000 after acquiring an additional 23,225 shares during the period. Barclays PLC raised its holdings in shares of Invesco DB Commodity Index Tracking Fund by 8.0% during the third quarter. Barclays PLC now owns 21,425 shares of the company’s stock valued at $477,000 after purchasing an additional 1,592 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Invesco DB Commodity Index Tracking Fund by 12.5% during the third quarter. Sanctuary Advisors LLC now owns 88,152 shares of the company’s stock valued at $1,989,000 after purchasing an additional 9,779 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Invesco DB Commodity Index Tracking Fund in the third quarter worth approximately $829,000. 48.28% of the stock is 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.