Shares of Invesco DB Base Metals Fund (NYSEARCA:DBB – Get Rating) were down 0.1% on Friday . The stock traded as low as $20.08 and last traded at $20.20. Approximately 40,033 shares were traded during trading, a decline of 81% from the average daily volume of 210,471 shares. The stock had previously closed at $20.22.

Invesco DB Base Metals Fund Stock Performance

The business's 50-day simple moving average is $20.50 and its two-hundred day simple moving average is $19.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Invesco DB Base Metals Fund by 27.3% in the first quarter. Envestnet Asset Management Inc. now owns 13,055 shares of the company's stock valued at $337,000 after purchasing an additional 2,801 shares during the period. JPMorgan Chase & Co. increased its position in shares of Invesco DB Base Metals Fund by 458.9% during the first quarter. JPMorgan Chase & Co. now owns 13,386 shares of the company's stock worth $346,000 after acquiring an additional 10,991 shares during the period. Raymond James & Associates raised its stake in shares of Invesco DB Base Metals Fund by 4.8% in the first quarter. Raymond James & Associates now owns 93,728 shares of the company's stock valued at $2,422,000 after acquiring an additional 4,272 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Invesco DB Base Metals Fund in the first quarter valued at $542,000. Finally, Covestor Ltd acquired a new position in Invesco DB Base Metals Fund during the 1st quarter worth $39,000.

Invesco DB Base Metals Fund Company Profile

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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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