Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB) traded down 0.9% during trading on Friday . The stock traded as low as $15.01 and last traded at $15.03, 12,300 shares traded hands during trading. A decline of 90% from the average session volume of 117,197 shares. The stock had previously closed at $15.17.
The company’s 50-day moving average is $15.11 and its 200 day moving average is $15.22.
A number of hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its position in Invesco DB Base Metals Fund by 13.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,900 shares of the company’s stock valued at $146,000 after purchasing an additional 1,200 shares during the last quarter. MD Financial Management Inc. boosted its holdings in shares of Invesco DB Base Metals Fund by 233.4% during the 3rd quarter. MD Financial Management Inc. now owns 829,260 shares of the company’s stock valued at $12,248,000 after acquiring an additional 580,536 shares during the last quarter. Trellus Management Company LLC purchased a new stake in shares of Invesco DB Base Metals Fund during the 3rd quarter valued at about $154,000. Atria Investments LLC purchased a new stake in shares of Invesco DB Base Metals Fund during the 2nd quarter valued at about $479,000. Finally, Prudential PLC boosted its holdings in shares of Invesco DB Base Metals Fund by 211.1% during the 2nd quarter. Prudential PLC now owns 190,650 shares of the company’s stock valued at $2,955,000 after acquiring an additional 129,360 shares during the last quarter.
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.
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