Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) traded up 0.8% on Monday . The company traded as high as $20.56 and last traded at $20.39. 40,169 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 131,425 shares. The stock had previously closed at $20.23.
Invesco DB Base Metals Fund Stock Performance
The company has a market capitalization of $151.91 million, a PE ratio of 3.60 and a beta of 0.43. The company has a 50 day moving average price of $20.42 and a 200 day moving average price of $19.99.
Hedge Funds Weigh In On Invesco DB Base Metals Fund
Several large investors have recently added to or reduced their stakes in DBB. MML Investors Services LLC increased its position in Invesco DB Base Metals Fund by 5.8% in the third quarter. MML Investors Services LLC now owns 15,025 shares of the company’s stock worth $312,000 after buying an additional 825 shares during the period. Stifel Financial Corp acquired a new stake in Invesco DB Base Metals Fund in the third quarter worth $269,000. HighTower Advisors LLC increased its position 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 worth $3,944,000 after buying an additional 921 shares during the period. BNP Paribas Financial Markets acquired a new stake in Invesco DB Base Metals Fund in the third quarter worth $862,000. Finally, Apollon Wealth Management LLC acquired a new stake in Invesco DB Base Metals Fund in the third quarter worth $266,000.
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.
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