Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Climb 1% – Time to Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB)’s stock price shot up 1% during trading on Monday. The company traded as high as $25.18 and last traded at $25.07. 150,271 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 345,951 shares. The stock had previously closed at $24.83.

Invesco DB Base Metals Fund Trading Up 1.0%

The firm’s 50-day moving average price is $25.33 and its two-hundred day moving average price is $24.80. The stock has a market cap of $362.26 million, a PE ratio of 3.20 and a beta of 0.54.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in shares of Invesco DB Base Metals Fund by 70.7% in the first quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock valued at $9,007,000 after buying an additional 158,721 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Invesco DB Base Metals Fund by 216.9% in the second quarter. The Manufacturers Life Insurance Company now owns 245,621 shares of the company’s stock valued at $5,919,000 after purchasing an additional 168,112 shares in the last quarter. Solstein Capital LLC boosted its holdings in shares of Invesco DB Base Metals Fund by 26.2% in the 2nd quarter. Solstein Capital LLC now owns 158,890 shares of the company’s stock valued at $3,829,000 after buying an additional 33,023 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco DB Base Metals Fund in the 1st quarter valued at $1,207,000. Finally, Royal Bank of Canada grew its position in shares of Invesco DB Base Metals Fund by 68.1% in the 1st quarter. Royal Bank of Canada now owns 36,614 shares of the company’s stock valued at $860,000 after buying an additional 14,833 shares during 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.