Invesco DB Energy Fund (NYSEARCA:DBE) Stock Breaks Above 200 Day Moving Average – Should You Sell?

Invesco DB Energy Fund (NYSEARCA:DBE) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $31.36 and traded as high as $37.56. Invesco DB Energy Fund shares last traded at $36.93, with a volume of 22,026 shares.

Invesco DB Energy Fund Stock Performance

The business’s fifty day moving average price is $34.33 and its two-hundred day moving average price is $31.42. The stock has a market capitalization of $118.98 million, a P/E ratio of 3.72 and a beta of -0.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DBE. Bank of America Corp DE grew its position in shares of Invesco DB Energy Fund by 333.3% in the 1st quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock worth $6,782,000 after buying an additional 177,032 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Invesco DB Energy Fund by 30.4% during the first quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock worth $3,734,000 after purchasing an additional 29,575 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Invesco DB Energy Fund by 4.4% in the 1st quarter. Cetera Investment Advisers now owns 80,307 shares of the exchange traded fund’s stock valued at $2,367,000 after acquiring an additional 3,416 shares during the period.

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).