Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading 1% Higher – Should You Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares were up 1% during trading on Tuesday . The stock traded as high as $19.95 and last traded at $19.92. Approximately 54,287 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 132,104 shares. The stock had previously closed at $19.73.

Invesco DB Base Metals Fund Stock Performance

The business’s 50 day moving average is $19.36 and its two-hundred day moving average is $19.78. The firm has a market capitalization of $118.77 million, a PE ratio of 3.52 and a beta of 0.58.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC boosted its position in shares of Invesco DB Base Metals Fund by 42.0% during the 4th quarter. HighTower Advisors LLC now owns 269,300 shares of the company’s stock valued at $5,076,000 after acquiring an additional 79,588 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Invesco DB Base Metals Fund by 36.0% during the fourth quarter. Wells Fargo & Company MN now owns 238,492 shares of the company’s stock worth $4,496,000 after purchasing an additional 63,082 shares during the period. Advisory Services Network LLC bought a new stake in shares of Invesco DB Base Metals Fund in the fourth quarter worth about $3,436,000. Lake Street Advisors Group LLC increased its holdings in Invesco DB Base Metals Fund by 81.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 166,964 shares of the company’s stock valued at $3,147,000 after purchasing an additional 75,051 shares during the period. Finally, Bank of America Corp DE raised its position in Invesco DB Base Metals Fund by 33.1% during the 4th quarter. Bank of America Corp DE now owns 154,059 shares of the company’s stock valued at $2,904,000 after purchasing an additional 38,331 shares during the last quarter.

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.