Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Price Down 0.6% – Time to Sell?

Invesco DB Base Metals Fund (NYSEARCA:DBB) fell 0.6% on Tuesday . The stock traded as low as $18.78 and last traded at $18.85. 60,033 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 129,364 shares. The stock had previously closed at $18.96.

Invesco DB Base Metals Fund Stock Performance

The company has a market cap of $139.09 million, a PE ratio of 3.60 and a beta of 0.43. The firm’s 50 day moving average is $20.02 and its 200-day moving average is $19.86.

Hedge Funds Weigh In On Invesco DB Base Metals Fund

Several large investors have recently made changes to their positions in DBB. HighTower Advisors LLC increased its stake in Invesco DB Base Metals Fund by 0.5% during the third quarter. HighTower Advisors LLC now owns 189,712 shares of the company’s stock worth $3,944,000 after purchasing an additional 921 shares during the period. International Assets Investment Management LLC increased its stake in Invesco DB Base Metals Fund by 15,671.0% during the 3rd quarter. International Assets Investment Management LLC now owns 158,972 shares of the company’s stock worth $3,305,000 after buying an additional 157,964 shares during the period. Glenorchy Capital Ltd lifted its holdings in Invesco DB Base Metals Fund by 33.8% during the 3rd quarter. Glenorchy Capital Ltd now owns 132,329 shares of the company’s stock worth $2,751,000 after buying an additional 33,414 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Invesco DB Base Metals Fund by 536.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 67,620 shares of the company’s stock valued at $1,362,000 after buying an additional 56,999 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Invesco DB Base Metals Fund in the third quarter worth $862,000.

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.