Invesco DB Oil Fund (NYSEARCA:DBO) Shares Down 1.7%

Invesco DB Oil Fund (NYSEARCA:DBO)’s stock price dropped 1.7% during trading on Friday . The stock traded as low as $13.57 and last traded at $13.74. Approximately 794,845 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 359,867 shares. The stock had previously closed at $13.98.

Invesco DB Oil Fund Stock Down 1.8 %

The stock has a 50-day moving average of $15.20 and a 200 day moving average of $15.30. The stock has a market cap of $228.60 million, a PE ratio of 3.01 and a beta of 0.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DBO. National Bank of Canada FI acquired a new stake in shares of Invesco DB Oil Fund during the 4th quarter worth approximately $30,000. Lincoln National Corp increased its stake in Invesco DB Oil Fund by 28.2% during the fourth quarter. Lincoln National Corp now owns 27,947 shares of the company’s stock worth $389,000 after acquiring an additional 6,148 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Invesco DB Oil Fund by 7.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 13,573 shares of the company’s stock valued at $189,000 after purchasing an additional 969 shares during the period. Scotia Capital Inc. acquired a new position in shares of Invesco DB Oil Fund in the 4th quarter valued at $142,000. Finally, Prudential PLC grew its holdings in shares of Invesco DB Oil Fund by 15.6% during the 4th quarter. Prudential PLC now owns 548,872 shares of the company’s stock worth $7,695,000 after purchasing an additional 73,900 shares during the period.

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.