Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Up 0.6%

Invesco DB Base Metals Fund (NYSEARCA:DBB)’s stock price shot up 0.6% during mid-day trading on Thursday . The company traded as high as $20.36 and last traded at $20.36. 82,435 shares traded hands during trading, a decline of 34% from the average session volume of 125,062 shares. The stock had previously closed at $20.24.

Invesco DB Base Metals Fund Trading Up 0.6 %

The company has a market cap of $151.68 million, a PE ratio of 3.60 and a beta of 0.43. The business has a fifty day moving average of $18.96 and a 200-day moving average of $18.28.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its holdings in shares of Invesco DB Base Metals Fund by 15.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 55,800 shares of the company’s stock worth $1,002,000 after acquiring an additional 7,600 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Invesco DB Base Metals Fund by 29.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,200 shares of the company’s stock worth $650,000 after acquiring an additional 8,200 shares during the period. U S Global Investors Inc. purchased a new position in shares of Invesco DB Base Metals Fund during the 1st quarter worth approximately $97,000. Leo Wealth LLC purchased a new position in shares of Invesco DB Base Metals Fund during the 4th quarter worth approximately $220,000. Finally, Picton Mahoney Asset Management grew its holdings in shares of Invesco DB Base Metals Fund by 44.2% during the 4th quarter. Picton Mahoney Asset Management now owns 18,920 shares of the company’s stock worth $346,000 after acquiring an additional 5,800 shares during the period.

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.