Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report)’s stock price dropped 0.8% during mid-day trading on Tuesday . The company traded as low as $17.91 and last traded at $17.92. Approximately 33,108 shares traded hands during trading, a decline of 74% from the average daily volume of 129,666 shares. The stock had previously closed at $18.06.
Invesco DB Base Metals Fund Stock Performance
The company has a market capitalization of $109.56 million, a PE ratio of 3.40 and a beta of 0.53. The company’s fifty day moving average is $19.07 and its 200-day moving average is $19.59.
Institutional Investors Weigh In On Invesco DB Base Metals Fund
A number of institutional investors have recently bought and sold shares of the business. Solstein Capital LLC lifted its holdings in shares of Invesco DB Base Metals Fund by 76.8% in the first quarter. Solstein Capital LLC now owns 11,707 shares of the company’s stock worth $225,000 after buying an additional 5,086 shares in the last quarter. Pines Wealth Management LLC increased its holdings in Invesco DB Base Metals Fund by 1.3% in the 1st quarter. Pines Wealth Management LLC now owns 50,430 shares of the company’s stock valued at $968,000 after acquiring an additional 652 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in Invesco DB Base Metals Fund by 14.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 30,978 shares of the company’s stock worth $594,000 after purchasing an additional 3,946 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Invesco DB Base Metals Fund by 23.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,845 shares of the company’s stock valued at $54,000 after purchasing an additional 533 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Invesco DB Base Metals Fund by 33.1% during the fourth quarter. Bank of America Corp DE now owns 154,059 shares of the company’s stock valued at $2,904,000 after purchasing an additional 38,331 shares in the last quarter.
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.
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