Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Rating) were down 2.6% on Thursday . The company traded as low as $20.39 and last traded at $20.45. Approximately 221,854 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 481,737 shares. The stock had previously closed at $20.99.
The stock’s fifty day moving average is $23.00 and its two-hundred day moving average is $23.50.
Several hedge funds have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its position in shares of Invesco DB Base Metals Fund by 3.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,700 shares of the company’s stock valued at $305,000 after purchasing an additional 500 shares during the period. HighTower Advisors LLC grew its holdings in Invesco DB Base Metals Fund by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 191,781 shares of the company’s stock worth $4,269,000 after acquiring an additional 601 shares during the period. Eudaimonia Advisors LLC grew its holdings in Invesco DB Base Metals Fund by 12.3% during the first quarter. Eudaimonia Advisors LLC now owns 10,439 shares of the company’s stock worth $270,000 after acquiring an additional 1,141 shares during the period. Covestor Ltd bought a new stake in Invesco DB Base Metals Fund in the first quarter worth about $39,000. Finally, U S Global Investors Inc. acquired a new stake in Invesco DB Base Metals Fund in the 4th quarter valued at about $45,000.
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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