Invesco DB Base Metals Fund (NYSEARCA:DBB) Shares Up 1% – Still a Buy?

Invesco DB Base Metals Fund (NYSEARCA:DBB) shares traded up 1% during mid-day trading on Tuesday . The stock traded as high as $19.95 and last traded at $19.92. 54,287 shares were traded during trading, a decline of 59% from the average session volume of 132,104 shares. The stock had previously closed at $19.73.

Invesco DB Base Metals Fund Stock Performance

The stock has a market cap of $121.51 million, a PE ratio of 3.52 and a beta of 0.58. The company’s 50-day moving average price is $19.34 and its 200 day moving average price is $19.78.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

A number of hedge funds have recently made changes to their positions in DBB. CoreCap Advisors LLC grew its holdings in Invesco DB Base Metals Fund by 23.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,845 shares of the company’s stock valued at $54,000 after buying an additional 533 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Invesco DB Base Metals Fund by 15.5% during the fourth quarter. Ignite Planners LLC now owns 12,187 shares of the company’s stock worth $226,000 after purchasing an additional 1,639 shares during the last quarter. Stifel Financial Corp purchased a new stake in Invesco DB Base Metals Fund in the 3rd quarter valued at about $269,000. Autumn Glory Partners LLC grew its stake in Invesco DB Base Metals Fund by 50.0% in the fourth quarter. Autumn Glory Partners LLC now owns 15,000 shares of the company’s stock worth $283,000 after purchasing an additional 5,000 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Invesco DB Base Metals Fund by 5.8% during the 3rd quarter. MML Investors Services LLC now owns 15,025 shares of the company’s stock worth $312,000 after buying an additional 825 shares in the last quarter.

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.