Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading 1.4% Higher

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares traded up 1.4% during trading on Thursday . The stock traded as high as $20.10 and last traded at $20.10. 208,303 shares were traded during trading, an increase of 136% from the average session volume of 88,416 shares. The stock had previously closed at $19.83.

Invesco DB Base Metals Fund Stock Performance

The firm’s fifty day simple moving average is $18.09 and its 200 day simple moving average is $18.08. The firm has a market cap of $138.52 million, a P/E ratio of 3.45 and a beta of 0.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DBB. Advisory Services Network LLC increased its position in shares of Invesco DB Base Metals Fund by 18,800.8% during the 1st quarter. Advisory Services Network LLC now owns 247,034 shares of the company’s stock valued at $4,990,000 after purchasing an additional 245,727 shares during the last quarter. Partners Capital Investment Group LLP bought a new position in Invesco DB Base Metals Fund during the first quarter valued at $3,523,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco DB Base Metals Fund in the fourth quarter valued at $2,757,000. Invesco Ltd. raised its stake in shares of Invesco DB Base Metals Fund by 15.8% in the third quarter. Invesco Ltd. now owns 872,800 shares of the company’s stock valued at $16,723,000 after acquiring an additional 119,400 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Invesco DB Base Metals Fund in the 1st quarter worth about $2,022,000.

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.