Invesco DB Precious Metals Fund (NYSEARCA:DBP) Trading Up 0.9% – Still a Buy?

Invesco DB Precious Metals Fund (NYSEARCA:DBP) traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $66.03 and last traded at $65.89. 16,161 shares changed hands during trading, an increase of 47% from the average session volume of 10,989 shares. The stock had previously closed at $65.32.

Invesco DB Precious Metals Fund Trading Up 0.9 %

The business’s fifty day simple moving average is $62.96 and its 200 day simple moving average is $62.61. The stock has a market cap of $168.02 million, a P/E ratio of 6.05 and a beta of 0.22.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new position in shares of Invesco DB Precious Metals Fund in the 4th quarter worth $6,285,000. Focus Financial Network Inc. increased its holdings in shares of Invesco DB Precious Metals Fund by 72.5% in the fourth quarter. Focus Financial Network Inc. now owns 13,423 shares of the company’s stock worth $815,000 after acquiring an additional 5,643 shares in the last quarter. Prospera Financial Services Inc increased its stake in Invesco DB Precious Metals Fund by 13.6% during the 3rd quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock worth $381,000 after purchasing an additional 717 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Invesco DB Precious Metals Fund during the third quarter worth $339,000.

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.