Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Up 0.4% – Should You Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB) was up 0.4% during trading on Monday . The company traded as high as $20.78 and last traded at $20.76. Approximately 80,535 shares changed hands 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 Down 1.0 %

The firm has a market cap of $153.17 million, a price-to-earnings ratio of 3.60 and a beta of 0.43. The stock has a 50 day moving average of $20.18 and a 200 day moving average of $20.04.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBB. International Assets Investment Management LLC boosted its position in Invesco DB Base Metals Fund by 15,671.0% in the third quarter. International Assets Investment Management LLC now owns 158,972 shares of the company’s stock valued at $3,305,000 after buying an additional 157,964 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of Invesco DB Base Metals Fund during the 1st quarter valued at $1,651,000. The Manufacturers Life Insurance Company grew its position in Invesco DB Base Metals Fund by 536.7% during the 2nd 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 during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Invesco DB Base Metals Fund in the 1st quarter worth about $1,076,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Invesco DB Base Metals Fund in the first quarter valued at about $962,000.

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.