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

Posted by Lisa Durand on Jan 2nd, 2025

Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Free Report)’s share price dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as $18.78 and last traded at $18.85. Approximately 60,033 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 129,364 shares. The stock had previously closed at $18.96.

Invesco DB Base Metals Fund Stock Performance

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

Institutional Trading of Invesco DB Base Metals Fund

Large investors have recently made changes to their positions in the company. Asset Dedication LLC acquired a new stake in Invesco DB Base Metals Fund during the 2nd quarter worth $32,000. WestEnd Advisors LLC boosted its stake in shares of Invesco DB Base Metals Fund by 255.5% during the third quarter. WestEnd Advisors LLC now owns 5,410 shares of the company’s stock worth $112,000 after buying an additional 3,888 shares during the period. Autumn Glory Partners LLC purchased a new position in shares of Invesco DB Base Metals Fund during the third quarter worth about $208,000. Ignite Planners LLC acquired a new position in Invesco DB Base Metals Fund in the 3rd quarter valued at about $219,000. Finally, Apollon Wealth Management LLC acquired a new position in Invesco DB Base Metals Fund in the 3rd quarter valued at about $266,000.

About Invesco DB Base Metals Fund

(Get Free Report)

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.