Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading Up 1% – Here’s Why

Invesco DB Base Metals Fund (NYSEARCA:DBB)’s share price rose 1% on Tuesday . The company traded as high as $19.95 and last traded at $19.92. Approximately 54,287 shares changed hands during 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 Up 1.0 %

The firm has a fifty day moving average price of $19.34 and a 200-day moving average price of $19.78. The firm has a market cap of $121.51 million, a price-to-earnings ratio of 3.52 and a beta of 0.58.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Invesco DB Base Metals Fund in the third quarter valued at approximately $862,000. HighTower Advisors LLC raised its position in shares of Invesco DB Base Metals Fund by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 189,712 shares of the company’s stock valued at $3,944,000 after purchasing an additional 921 shares in the last quarter. Stifel Financial Corp bought a new position in Invesco DB Base Metals Fund during the 3rd quarter valued at $269,000. MML Investors Services LLC grew its stake in Invesco DB Base Metals Fund by 5.8% in the third quarter. MML Investors Services LLC now owns 15,025 shares of the company’s stock worth $312,000 after purchasing an additional 825 shares in the last quarter. Finally, Davis Investment Partners LLC increased its holdings in shares of Invesco DB Base Metals Fund by 68.1% in the 4th quarter. Davis Investment Partners LLC now owns 25,893 shares of the company’s stock valued at $487,000 after acquiring an additional 10,493 shares during the last quarter.

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.