Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Price Down 0.4% – Should You Sell?

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares dropped 0.4% during trading on Tuesday . The company traded as low as $19.26 and last traded at $19.27. Approximately 164,582 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 84,199 shares. The stock had previously closed at $19.35.

Invesco DB Base Metals Fund Stock Down 0.4 %

The stock has a 50-day simple moving average of $19.58 and a two-hundred day simple moving average of $19.75. The firm has a market cap of $143.56 million, a PE ratio of 3.60 and a beta of 0.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. WestEnd Advisors LLC lifted its stake in shares of Invesco DB Base Metals Fund by 255.5% in the 3rd quarter. WestEnd Advisors LLC now owns 5,410 shares of the company’s stock valued at $112,000 after acquiring an additional 3,888 shares during the last quarter. Autumn Glory Partners LLC bought a new stake in Invesco DB Base Metals Fund in the third quarter valued at approximately $208,000. Ignite Planners LLC bought a new position in shares of Invesco DB Base Metals Fund in the third quarter worth approximately $219,000. Apollon Wealth Management LLC purchased a new position in shares of Invesco DB Base Metals Fund in the third quarter worth $266,000. Finally, Stifel Financial Corp bought a new stake in Invesco DB Base Metals Fund during the 3rd quarter valued at $269,000.

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.