Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Price Up 0.2% – Should You Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares rose 0.2% on Monday . The company traded as high as $25.54 and last traded at $25.47. Approximately 790,132 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 470,412 shares. The stock had previously closed at $25.43.

Invesco DB Base Metals Fund Trading Up 1.6%

The firm has a market capitalization of $320.04 million, a PE ratio of 3.20 and a beta of 0.51. The business has a 50 day moving average price of $24.44 and a 200-day moving average price of $23.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MAI Capital Management acquired a new position in Invesco DB Base Metals Fund during the third quarter worth $31,000. Fifth Third Bancorp acquired a new position in Invesco DB Base Metals Fund during the first quarter worth $35,000. Raymond James Financial Inc. acquired a new position in Invesco DB Base Metals Fund during the second quarter worth $62,000. Aptus Capital Advisors LLC acquired a new position in Invesco DB Base Metals Fund during the fourth quarter worth $93,000. Finally, Kestra Advisory Services LLC acquired a new position in Invesco DB Base Metals Fund during the fourth quarter worth $103,000. Institutional investors and hedge funds own 40.73% of the company’s stock.

About Invesco DB Base Metals Fund

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.