Invesco DB Oil Fund (NYSEARCA:DBO) Shares Up 0.2% – Here’s What Happened

Invesco DB Oil Fund (NYSEARCA:DBO)’s share price traded up 0.2% on Wednesday . The company traded as high as $13.84 and last traded at $13.69. 214,835 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 350,778 shares. The stock had previously closed at $13.66.

Invesco DB Oil Fund Price Performance

The stock has a 50-day simple moving average of $14.43 and a 200-day simple moving average of $14.39. The stock has a market cap of $203.30 million, a PE ratio of 2.68 and a beta of 0.55.

Institutional Investors Weigh In On Invesco DB Oil Fund

Several large investors have recently made changes to their positions in DBO. Jane Street Group LLC boosted its holdings in Invesco DB Oil Fund by 445.5% in the 4th quarter. Jane Street Group LLC now owns 66,948 shares of the company’s stock worth $958,000 after acquiring an additional 54,676 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Invesco DB Oil Fund by 21.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 171,713 shares of the company’s stock worth $2,457,000 after purchasing an additional 30,027 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Invesco DB Oil Fund by 39.5% in the fourth quarter. LPL Financial LLC now owns 184,412 shares of the company’s stock valued at $2,639,000 after purchasing an additional 52,198 shares during the period. Wells Fargo & Company MN grew its holdings in Invesco DB Oil Fund by 8.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,711,175 shares of the company’s stock valued at $24,487,000 after purchasing an additional 139,373 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Invesco DB Oil Fund during the 4th quarter worth $1,783,000.

Invesco DB Oil Fund Company Profile

PowerShares DB Oil Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund is a based on the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). The Fund seeks to track the changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index) over time, plus the excess, if any, of the Fund’s interest income from its holdings of United States Treasury Obligations and other high credit quality short-term fixed income securities over the expenses of the Fund.