Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Up 0.4% – Here’s What Happened

Invesco DB Base Metals Fund (NYSEARCA:DBB) rose 0.4% on Monday . The company traded as high as $20.78 and last traded at $20.76. Approximately 80,535 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 133,578 shares. The stock had previously closed at $20.68.

Invesco DB Base Metals Fund Stock Performance

The stock has a market cap of $153.17 million, a P/E ratio of 3.60 and a beta of 0.43. The stock has a fifty day simple moving average of $20.18 and a 200-day simple moving average of $20.04.

Institutional Trading of Invesco DB Base Metals Fund

A number of institutional investors have recently made changes to their positions in DBB. SeaCrest Wealth Management LLC bought a new stake in shares of Invesco DB Base Metals Fund during the 3rd quarter worth approximately $435,000. The Manufacturers Life Insurance Company raised its position in Invesco DB Base Metals Fund by 536.7% during the second quarter. The Manufacturers Life Insurance Company now owns 67,620 shares of the company’s stock worth $1,362,000 after acquiring an additional 56,999 shares in the last quarter. Ignite Planners LLC acquired a new stake in Invesco DB Base Metals Fund in the third quarter valued at $219,000. Insigneo Advisory Services LLC bought a new position in shares of Invesco DB Base Metals Fund in the 2nd quarter valued at about $575,000. Finally, Asset Dedication LLC bought a new position in shares of Invesco DB Base Metals Fund in the 2nd quarter valued at about $32,000.

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.