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

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

Invesco DB Base Metals Fund Stock Performance

The stock has a market capitalization of $138.52 million, a P/E ratio of 3.45 and a beta of 0.52. The firm has a fifty day moving average price of $18.09 and a two-hundred day moving average price of $18.08.

Institutional Trading of Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd purchased a new stake in Invesco DB Base Metals Fund in the first quarter worth $39,000. WestEnd Advisors LLC purchased a new stake in Invesco DB Base Metals Fund in the third quarter worth $29,000. Legacy Financial Group LLC purchased a new stake in Invesco DB Base Metals Fund in the third quarter worth $30,000. CWM LLC lifted its stake in Invesco DB Base Metals Fund by 1,547.9% in the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $38,000 after acquiring an additional 1,842 shares during the period. Finally, Capital Analysts LLC purchased a new stake in Invesco DB Base Metals Fund in the fourth quarter worth $44,000.

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.