Invesco DB Precious Metals Fund (NYSEARCA:DBP) Shares Up 0.6% – Here’s Why

Invesco DB Precious Metals Fund (NYSEARCA:DBP) shares traded up 0.6% during trading on Tuesday . The company traded as high as $62.03 and last traded at $61.97. 6,523 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 5,465 shares. The stock had previously closed at $61.61.

Invesco DB Precious Metals Fund Trading Up 0.7 %

The company has a market capitalization of $161.70 million, a price-to-earnings ratio of 6.05 and a beta of 0.22. The company has a 50 day moving average price of $62.87 and a 200 day moving average price of $62.16.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Several institutional investors have recently modified their holdings of DBP. Kingsview Wealth Management LLC acquired a new position in Invesco DB Precious Metals Fund in the third quarter valued at approximately $339,000. Prospera Financial Services Inc lifted its stake in shares of Invesco DB Precious Metals Fund by 13.6% in the 3rd quarter. Prospera Financial Services Inc now owns 5,979 shares of the company’s stock valued at $381,000 after purchasing an additional 717 shares during the period. Finally, Focus Financial Network Inc. acquired a new position in shares of Invesco DB Precious Metals Fund in the 3rd quarter valued at $496,000.

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.