Invesco DB Base Metals Fund (NYSEARCA:DBB) Stock Price Down 1.4%

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Invesco DB Base Metals Fund (NYSEARCA:DBB) shares dropped 1.4% during trading on Friday . The company traded as low as $17.63 and last traded at $17.73. Approximately 194,311 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 170,973 shares. The stock had previously closed at $17.98.

The business has a 50-day moving average price of $17.41 and a 200 day moving average price of $15.68.

A number of hedge funds have recently added to or reduced their stakes in DBB. Daiwa Securities Group Inc. boosted its holdings in Invesco DB Base Metals Fund by 19.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the company’s stock valued at $203,000 after purchasing an additional 2,200 shares during the last quarter. Morgan Stanley increased its stake in Invesco DB Base Metals Fund by 55.1% during the third quarter. Morgan Stanley now owns 26,532 shares of the company’s stock valued at $402,000 after purchasing an additional 9,426 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Invesco DB Base Metals Fund during the third quarter valued at $404,000. Prudential PLC increased its stake in Invesco DB Base Metals Fund by 65.4% during the third quarter. Prudential PLC now owns 49,020 shares of the company’s stock valued at $742,000 after purchasing an additional 19,380 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Invesco DB Base Metals Fund by 72.6% during the third quarter. Wells Fargo & Company MN now owns 54,111 shares of the company’s stock valued at $818,000 after purchasing an additional 22,768 shares during the last quarter.

About Invesco DB Base Metals Fund (NYSEARCA:DBB)

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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