Invesco DB Precious Metals Fund (NYSEARCA:DBP) Trading Up 0.5% – Here’s Why

Invesco DB Precious Metals Fund (NYSEARCA:DBP)’s stock price traded up 0.5% on Wednesday . The stock traded as high as $76.12 and last traded at $76.09. 8,631 shares changed hands during trading, a decline of 54% from the average session volume of 18,741 shares. The stock had previously closed at $75.73.

Invesco DB Precious Metals Fund Stock Performance

The company has a market cap of $216.86 million, a PE ratio of 8.02 and a beta of 0.20. The company has a fifty day moving average of $74.77 and a two-hundred day moving average of $69.32.

Institutional Investors Weigh In On Invesco DB Precious Metals Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DBP. Copia Wealth Management purchased a new stake in shares of Invesco DB Precious Metals Fund in the fourth quarter worth approximately $114,000. PFG Advisors bought a new position in Invesco DB Precious Metals Fund in the 1st quarter valued at $219,000. Arrow Investment Advisors LLC purchased a new stake in Invesco DB Precious Metals Fund in the first quarter worth $231,000. American Trust purchased a new stake in Invesco DB Precious Metals Fund in the fourth quarter worth $234,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Invesco DB Precious Metals Fund during the first quarter worth $296,000.

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.