Invesco DB Energy Fund (NYSEARCA:DBE) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Invesco DB Energy Fund (NYSEARCA:DBE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.68 and traded as high as $27.48. Invesco DB Energy Fund shares last traded at $27.47, with a volume of 16,955 shares changing hands.

Invesco DB Energy Fund Stock Performance

The business’s 50 day moving average is $30.69 and its 200 day moving average is $24.70. The company has a market capitalization of $79.66 million, a price-to-earnings ratio of 3.72 and a beta of -0.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DBE. Bank of America Corp DE grew its holdings in shares of Invesco DB Energy Fund by 333.3% during the first quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock valued at $6,782,000 after buying an additional 177,032 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Invesco DB Energy Fund by 248.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock worth $1,762,000 after acquiring an additional 67,405 shares during the last quarter. Susquehanna International Group LLP raised its stake in Invesco DB Energy Fund by 260.0% in the 3rd quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock worth $1,752,000 after acquiring an additional 66,537 shares during the last quarter. Jane Street Group LLC lifted its position in Invesco DB Energy Fund by 180.0% during the 2nd quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock worth $875,000 after acquiring an additional 30,203 shares during the period. Finally, Blueprint Investment Partners LLC acquired a new stake in Invesco DB Energy Fund during the 3rd quarter worth about $310,000.

Invesco DB Energy Fund Company Profile

PowerShares DB Energy Fund (the Fund) is based on the Deutsche Bank Liquid Commodity Index – Optimum Yield Energy Excess Return (the Index). The Index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world-light sweet crude oil (WTI), heating oil, brent crude oil, reformulated blendstock for oxygenate blending (RBOB) gasoline and natural gas. The Index is intended to reflect the performance of the energy sector. The Fund is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust).