Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Up 1.2% – Here’s What Happened

Invesco DB Base Metals Fund (NYSEARCA:DBB) traded up 1.2% during mid-day trading on Thursday . The company traded as high as $22.61 and last traded at $22.49. 246,023 shares traded hands during mid-day trading, an increase of 208% from the average session volume of 79,893 shares. The stock had previously closed at $22.23.

Invesco DB Base Metals Fund Trading Down 1.4%

The stock has a market cap of $141.95 million, a PE ratio of 3.20 and a beta of 0.56. The business has a 50 day moving average of $21.59 and a 200-day moving average of $20.22.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in Invesco DB Base Metals Fund by 1,518.5% in the second quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock valued at $6,497,000 after purchasing an additional 314,708 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco DB Base Metals Fund by 11.7% during the second quarter. Bank of America Corp DE now owns 140,274 shares of the company’s stock worth $2,717,000 after buying an additional 14,684 shares during the period. GenTrust LLC grew its holdings in shares of Invesco DB Base Metals Fund by 2.3% during the third quarter. GenTrust LLC now owns 131,581 shares of the company’s stock worth $2,703,000 after buying an additional 2,900 shares during the last quarter. LPL Financial LLC increased its position in Invesco DB Base Metals Fund by 3.2% in the 1st quarter. LPL Financial LLC now owns 93,170 shares of the company’s stock valued at $1,788,000 after acquiring an additional 2,917 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Invesco DB Base Metals Fund by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 86,827 shares of the company’s stock valued at $1,679,000 after acquiring an additional 25,378 shares during the last quarter. 40.73% of the stock is owned by institutional investors and hedge funds.

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.