Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Up 0.6% – Here’s Why

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares shot up 0.6% during mid-day trading on Wednesday . The stock traded as high as $19.45 and last traded at $19.44. 18,994 shares were traded during mid-day trading, a decline of 74% from the average session volume of 73,781 shares. The stock had previously closed at $19.33.

Invesco DB Base Metals Fund Price Performance

The company’s 50-day moving average is $19.31 and its 200-day moving average is $18.97. The firm has a market capitalization of $123.44 million, a price-to-earnings ratio of 3.20 and a beta of 0.68.

Institutional Trading of Invesco DB Base Metals Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC acquired a new stake in Invesco DB Base Metals Fund during the 2nd quarter worth approximately $211,000. Bank of America Corp DE increased its position in Invesco DB Base Metals Fund by 11.7% during the 2nd quarter. Bank of America Corp DE now owns 140,274 shares of the company’s stock worth $2,717,000 after purchasing an additional 14,684 shares in the last quarter. Ameriprise Financial Inc. increased its position in Invesco DB Base Metals Fund by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 86,827 shares of the company’s stock worth $1,679,000 after purchasing an additional 25,378 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco DB Base Metals Fund during the 2nd quarter worth approximately $62,000. Finally, The Manufacturers Life Insurance Company increased its position in Invesco DB Base Metals Fund by 1,518.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 335,433 shares of the company’s stock worth $6,497,000 after purchasing an additional 314,708 shares in the last quarter. Institutional investors and hedge funds own 40.73% of the company’s stock.

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.