Invesco DB Precious Metals Fund (NYSEARCA:DBP) Stock Price Up 1.1% – Here’s What Happened

Invesco DB Precious Metals Fund (NYSEARCA:DBPGet Free Report) traded up 1.1% during mid-day trading on Tuesday . The stock traded as high as $69.95 and last traded at $69.85. 5,590 shares traded hands during trading, a decline of 60% from the average session volume of 13,858 shares. The stock had previously closed at $69.11.

Invesco DB Precious Metals Fund Stock Down 0.2 %

The stock has a market capitalization of $174.55 million, a P/E ratio of 7.50 and a beta of 0.30. The business’s 50 day simple moving average is $65.81 and its two-hundred day simple moving average is $64.34.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DBP. Stratos Wealth Partners LTD. purchased a new stake in shares of Invesco DB Precious Metals Fund in the fourth quarter valued at about $6,285,000. Jane Street Group LLC increased its holdings in Invesco DB Precious Metals Fund by 68.8% during the fourth quarter. Jane Street Group LLC now owns 36,996 shares of the company’s stock worth $2,247,000 after buying an additional 15,078 shares during the last quarter. Susquehanna International Group LLP increased its holdings in Invesco DB Precious Metals Fund by 93.2% during the fourth quarter. Susquehanna International Group LLP now owns 34,320 shares of the company’s stock worth $2,084,000 after buying an additional 16,557 shares during the last quarter. Midwest Professional Planners LTD. purchased a new stake in Invesco DB Precious Metals Fund during the fourth quarter worth about $1,113,000. Finally, Focus Financial Network Inc. increased its holdings in Invesco DB Precious Metals Fund by 72.5% during the fourth quarter. Focus Financial Network Inc. now owns 13,423 shares of the company’s stock worth $815,000 after buying an additional 5,643 shares during the last quarter.

About Invesco DB Precious Metals Fund

(Get Free Report)

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.

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