Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Price Up 1% – Time to Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB) was up 1% during trading on Monday. The stock traded as high as $25.18 and last traded at $25.07. 150,271 shares changed hands during trading, a decline of 57% from the average daily volume of 345,951 shares. The stock had previously closed at $24.83.

Invesco DB Base Metals Fund Stock Performance

The firm has a market capitalization of $362.26 million, a price-to-earnings ratio of 3.20 and a beta of 0.54. The stock’s fifty day moving average is $25.33 and its two-hundred day moving average is $24.80.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Large investors have recently bought and sold shares of the business. Camelot Technology Advisors Inc. grew its holdings in shares of Invesco DB Base Metals Fund by 17.3% during the second quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock worth $841,000 after purchasing an additional 5,150 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Invesco DB Base Metals Fund in the first quarter valued at about $35,000. Cetera Investment Advisers raised its holdings in shares of Invesco DB Base Metals Fund by 6.6% in the first quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock valued at $795,000 after buying an additional 2,098 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Invesco DB Base Metals Fund by 216.9% during the second quarter. The Manufacturers Life Insurance Company now owns 245,621 shares of the company’s stock worth $5,919,000 after purchasing an additional 168,112 shares in the last quarter. Finally, Solstein Capital LLC raised its position in Invesco DB Base Metals Fund by 26.2% in the 2nd quarter. Solstein Capital LLC now owns 158,890 shares of the company’s stock worth $3,829,000 after purchasing an additional 33,023 shares during the last quarter. 40.73% of the stock is currently owned by institutional investors.

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.