Invesco DB Energy Fund (NYSEARCA:DBE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Invesco DB Energy Fund (NYSEARCA:DBE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.20 and traded as high as $28.80. Invesco DB Energy Fund shares last traded at $28.56, with a volume of 47,011 shares trading hands.

Invesco DB Energy Fund Stock Down 0.2%

The business’s fifty day moving average is $29.04 and its two-hundred day moving average is $27.20. The stock has a market cap of $82.82 million, a price-to-earnings ratio of 3.72 and a beta of -0.07.

Hedge Funds Weigh In On Invesco DB Energy Fund

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position 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 worth $6,782,000 after acquiring an additional 177,032 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Invesco DB Energy Fund by 30.4% in the first quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock valued at $3,734,000 after purchasing an additional 29,575 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco DB Energy Fund by 4.4% in the first quarter. Cetera Investment Advisers now owns 80,307 shares of the exchange traded fund’s stock valued at $2,367,000 after purchasing an additional 3,416 shares during the period. Equitable Holdings Inc. grew its stake in Invesco DB Energy Fund by 18.1% during the 4th quarter. Equitable Holdings Inc. now owns 88,378 shares of the exchange traded fund’s stock worth $1,544,000 after purchasing an additional 13,564 shares in the last quarter. Finally, Barclays PLC acquired a new position in Invesco DB Energy Fund during the 4th quarter worth $89,000.

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).