Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Up 0.9% – Here’s What Happened

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s share price shot 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 mid-day 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 stock has a 50-day simple moving average of $62.96 and a 200 day simple moving average of $62.61. The stock has a market capitalization of $168.02 million, a price-to-earnings ratio of 6.05 and a beta of 0.22.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

A number of institutional investors have recently modified their holdings of the stock. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco DB Precious Metals Fund during the 3rd quarter valued at about $339,000. Prospera Financial Services Inc lifted its stake in Invesco DB Precious Metals Fund by 13.6% in the third quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock valued at $381,000 after acquiring an additional 717 shares during the last quarter. Focus Financial Network Inc. bought a new stake in Invesco DB Precious Metals Fund in the third quarter worth approximately $496,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Invesco DB Precious Metals Fund during the 4th quarter worth $6,285,000.

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.