Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Up 1.1%

Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB) were up 1.1% during trading on Friday . The stock traded as high as $19.77 and last traded at $19.69. Approximately 22,666 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 139,113 shares. The stock had previously closed at $19.47.

Invesco DB Base Metals Fund Stock Up 1.0 %

The stock has a market capitalization of $146.47 million, a PE ratio of 3.60 and a beta of 0.43. The firm’s fifty day moving average is $19.22 and its 200-day moving average is $19.48.

Institutional Trading of Invesco DB Base Metals Fund

Several hedge funds have recently modified their holdings of the business. National Bank of Canada FI increased its holdings in shares of Invesco DB Base Metals Fund by 389.9% in the 4th quarter. National Bank of Canada FI now owns 3,895 shares of the company’s stock valued at $70,000 after purchasing an additional 3,100 shares in the last quarter. Leo Wealth LLC purchased a new position in Invesco DB Base Metals Fund in the fourth quarter valued at about $220,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Invesco DB Base Metals Fund by 29.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,200 shares of the company’s stock valued at $650,000 after buying an additional 8,200 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Invesco DB Base Metals Fund by 15.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 55,800 shares of the company’s stock valued at $1,002,000 after acquiring an additional 7,600 shares during the period. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Invesco DB Base Metals Fund during the 1st quarter worth approximately $1,651,000.

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.