Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Down 0.4% – What’s Next?

Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB) fell 0.4% on Tuesday . The stock traded as low as $19.26 and last traded at $19.27. 164,582 shares were traded during trading, an increase of 95% from the average session volume of 84,199 shares. The stock had previously closed at $19.35.

Invesco DB Base Metals Fund Trading Down 0.4 %

The business has a 50-day moving average of $19.58 and a two-hundred day moving average of $19.75. The firm has a market cap of $143.56 million, a P/E ratio of 3.60 and a beta of 0.43.

Institutional Trading of Invesco DB Base Metals Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Invesco DB Base Metals Fund by 0.5% in the third quarter. HighTower Advisors LLC now owns 189,712 shares of the company’s stock valued at $3,944,000 after acquiring an additional 921 shares during the period. International Assets Investment Management LLC grew its position in Invesco DB Base Metals Fund by 15,671.0% in the 3rd quarter. International Assets Investment Management LLC now owns 158,972 shares of the company’s stock valued at $3,305,000 after purchasing an additional 157,964 shares during the period. Glenorchy Capital Ltd increased its stake in Invesco DB Base Metals Fund by 33.8% during the 3rd quarter. Glenorchy Capital Ltd now owns 132,329 shares of the company’s stock valued at $2,751,000 after purchasing an additional 33,414 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Invesco DB Base Metals Fund by 536.7% during the second quarter. The Manufacturers Life Insurance Company now owns 67,620 shares of the company’s stock worth $1,362,000 after buying an additional 56,999 shares during the last quarter. Finally, Pines Wealth Management LLC bought a new position in shares of Invesco DB Base Metals Fund in the fourth quarter valued at $936,000.

Invesco DB Base Metals Fund Company Profile

PowerShares DB Base Metals Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust), a Delaware statutory trust organized in seven separate series. The Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Industrial Metals 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.