Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Jumps 1% – Here’s Why

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares were up 1% on Monday. The stock traded as high as $25.18 and last traded at $25.07. 150,271 shares were traded 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 Stock Up 0.8%

The stock’s 50-day moving average price is $25.29 and its 200-day moving average price is $24.80. The company has a market capitalization of $358.50 million, a price-to-earnings ratio of 3.20 and a beta of 0.54.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in Invesco DB Base Metals Fund during the first quarter valued at about $35,000. Cetera Investment Advisers boosted its holdings in Invesco DB Base Metals Fund by 6.6% in the first quarter. Cetera Investment Advisers now owns 33,850 shares of the company’s stock worth $795,000 after purchasing an additional 2,098 shares during the last quarter. Camelot Technology Advisors Inc. grew its stake in shares of Invesco DB Base Metals Fund by 17.3% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 34,888 shares of the company’s stock valued at $841,000 after acquiring an additional 5,150 shares during the period. Royal Bank of Canada increased its holdings in 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 acquiring an additional 14,833 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco DB Base Metals Fund in the 1st quarter valued at about $1,207,000. 40.73% of the stock is owned by institutional investors.

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.