Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Down 0.7% – What’s Next?

Invesco DB Base Metals Fund (NYSEARCA:DBB)’s share price was down 0.7% on Tuesday . The stock traded as low as $19.09 and last traded at $19.17. Approximately 64,519 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 62,912 shares. The stock had previously closed at $19.31.

Invesco DB Base Metals Fund Stock Performance

The business has a 50-day moving average of $19.28 and a 200-day moving average of $19.68. The stock has a market capitalization of $142.82 million, a price-to-earnings ratio of 3.60 and a beta of 0.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DBB. Ignite Planners LLC raised its stake in shares of Invesco DB Base Metals Fund by 15.5% during the fourth quarter. Ignite Planners LLC now owns 12,187 shares of the company’s stock worth $226,000 after purchasing an additional 1,639 shares during the last quarter. Davis Investment Partners LLC raised its position in Invesco DB Base Metals Fund by 68.1% during the 4th quarter. Davis Investment Partners LLC now owns 25,893 shares of the company’s stock worth $487,000 after buying an additional 10,493 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Invesco DB Base Metals Fund by 5.8% in the 3rd quarter. MML Investors Services LLC now owns 15,025 shares of the company’s stock worth $312,000 after acquiring an additional 825 shares during the period. Stifel Financial Corp purchased a new stake in shares of Invesco DB Base Metals Fund in the third quarter valued at about $269,000. Finally, HighTower Advisors LLC increased its stake in shares of Invesco DB Base Metals Fund by 0.5% during the third quarter. HighTower Advisors LLC now owns 189,712 shares of the company’s stock worth $3,944,000 after acquiring an additional 921 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.