Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Up 1.4%

Invesco DB Base Metals Fund (NYSEARCA:DBB)’s stock price shot up 1.4% on Thursday . The company traded as high as $20.10 and last traded at $20.10. 208,303 shares changed hands during trading, an increase of 136% from the average session volume of 88,416 shares. The stock had previously closed at $19.83.

Invesco DB Base Metals Fund Trading Up 1.4 %

The firm has a market cap of $136.68 million, a price-to-earnings ratio of 3.45 and a beta of 0.52. The business’s 50-day simple moving average is $18.01 and its two-hundred day simple moving average is $18.07.

Institutional Trading of Invesco DB Base Metals Fund

Several large investors have recently modified their holdings of the stock. Leo Wealth LLC acquired a new stake in shares of Invesco DB Base Metals Fund during the 4th quarter worth approximately $220,000. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco DB Base Metals Fund during the 4th quarter worth approximately $334,000. The Manufacturers Life Insurance Company acquired a new stake in Invesco DB Base Metals Fund in the 4th quarter valued at $194,000. Stifel Financial Corp acquired a new stake in Invesco DB Base Metals Fund in the 4th quarter valued at $256,000. Finally, Picton Mahoney Asset Management grew its position in Invesco DB Base Metals Fund by 44.2% in the 4th quarter. Picton Mahoney Asset Management now owns 18,920 shares of the company’s stock valued at $346,000 after purchasing an additional 5,800 shares during the period.

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.