Invesco DB Base Metals Fund (NYSEARCA:DBB) Trading 1.2% Higher – Should You Buy?

Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB) traded up 1.2% on Thursday . The stock traded as high as $22.61 and last traded at $22.49. 246,023 shares traded hands during mid-day trading, an increase of 208% from the average session volume of 79,893 shares. The stock had previously closed at $22.23.

Invesco DB Base Metals Fund Trading Up 1.2%

The stock’s 50-day moving average is $21.57 and its 200-day moving average is $20.20. The stock has a market cap of $143.94 million, a P/E ratio of 3.20 and a beta of 0.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DBB. LPL Financial LLC grew its holdings in shares of Invesco DB Base Metals Fund by 3.2% in the 1st quarter. LPL Financial LLC now owns 93,170 shares of the company’s stock worth $1,788,000 after acquiring an additional 2,917 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Invesco DB Base Metals Fund in the 1st quarter valued at $918,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Invesco DB Base Metals Fund in the 1st quarter valued at $1,551,000. Royal Bank of Canada increased its stake in Invesco DB Base Metals Fund by 114.6% in the 1st quarter. Royal Bank of Canada now owns 86,747 shares of the company’s stock worth $1,664,000 after purchasing an additional 46,328 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Invesco DB Base Metals Fund by 73.9% during the 1st quarter. Jane Street Group LLC now owns 53,307 shares of the company’s stock worth $1,023,000 after buying an additional 22,658 shares during the period. 40.73% of the stock is currently owned by institutional investors.

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.