Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Down 1.4% – Here’s Why

Invesco DB Precious Metals Fund (NYSEARCA:DBP) was down 1.4% on Tuesday . The stock traded as low as $66.20 and last traded at $66.70. Approximately 15,065 shares changed hands during trading, an increase of 33% from the average daily volume of 11,366 shares. The stock had previously closed at $67.64.

Invesco DB Precious Metals Fund Stock Performance

The stock has a fifty day simple moving average of $63.77 and a two-hundred day simple moving average of $63.51. The stock has a market cap of $170.09 million, a price-to-earnings ratio of 6.05 and a beta of 0.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Trust bought a new stake in shares of Invesco DB Precious Metals Fund during the 4th quarter valued at approximately $234,000. Jane Street Group LLC boosted its position in Invesco DB Precious Metals Fund by 68.8% in the fourth quarter. Jane Street Group LLC now owns 36,996 shares of the company’s stock valued at $2,247,000 after buying an additional 15,078 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of 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. acquired a new position in shares of Invesco DB Precious Metals Fund during the fourth quarter worth $1,113,000. Finally, Focus Financial Network Inc. increased its holdings in shares of 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 in the last quarter.

About Invesco DB Precious Metals Fund

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.