Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Up 1% – Still a Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB)’s stock price traded up 1% during mid-day trading on Wednesday . The stock traded as high as $21.43 and last traded at $21.43. 21,025 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 69,469 shares. The stock had previously closed at $21.22.

Invesco DB Base Metals Fund Stock Up 0.4%

The firm’s 50-day moving average price is $21.11 and its 200 day moving average price is $19.85. The company has a market capitalization of $136.38 million, a P/E ratio of 3.20 and a beta of 0.56.

Institutional Investors Weigh In On Invesco DB Base Metals Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ignite Planners LLC boosted its position in shares of Invesco DB Base Metals Fund by 30.6% during the 1st quarter. Ignite Planners LLC now owns 15,919 shares of the company’s stock valued at $286,000 after acquiring an additional 3,732 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco DB Base Metals Fund by 3.2% during the first quarter. LPL Financial LLC now owns 93,170 shares of the company’s stock worth $1,788,000 after purchasing an additional 2,917 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Invesco DB Base Metals Fund in the 1st quarter worth approximately $918,000. RPg Family Wealth Advisory LLC purchased a new position in Invesco DB Base Metals Fund during the 1st quarter valued at $1,551,000. Finally, Royal Bank of Canada raised its stake in Invesco DB Base Metals Fund by 114.6% in the first quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock worth $1,664,000 after buying an additional 46,328 shares in the last quarter. 40.73% of the stock is currently owned by institutional investors.

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.