Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $24.80 and traded as low as $24.61. Invesco DB Base Metals Fund shares last traded at $24.62, with a volume of 77,712 shares.
Invesco DB Base Metals Fund Trading Down 1.8%
The firm has a 50 day moving average price of $25.31 and a 200-day moving average price of $24.80. The firm has a market cap of $355.76 million, a price-to-earnings ratio of 3.20 and a beta of 0.54.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Invesco DB Base Metals Fund by 70.7% during the 1st quarter. Bank of America Corp DE now owns 383,287 shares of the company’s stock worth $9,007,000 after purchasing an additional 158,721 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Invesco DB Base Metals Fund by 216.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 245,621 shares of the company’s stock valued at $5,919,000 after buying an additional 168,112 shares during the last quarter. Solstein Capital LLC grew its holdings in Invesco DB Base Metals Fund by 26.2% during 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 during the last quarter. Sanctuary Advisors LLC acquired a new stake in Invesco DB Base Metals Fund during the 1st quarter valued at $1,207,000. Finally, Royal Bank of Canada grew its holdings in Invesco DB Base Metals Fund by 68.1% during 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. 40.73% of the stock is currently owned by institutional investors and hedge funds.
About Invesco DB Base Metals Fund
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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