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

Invesco DB Energy Fund (NYSEARCA:DBE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.53 and traded as high as $36.52. Invesco DB Energy Fund shares last traded at $36.31, with a volume of 57,850 shares.

Invesco DB Energy Fund Trading Up 3.4%

The business’s fifty day simple moving average is $32.85 and its 200-day simple moving average is $30.62. The firm has a market cap of $116.80 million, a P/E ratio of 3.72 and a beta of -0.06.

Hedge Funds Weigh In On Invesco DB Energy Fund

Several hedge funds have recently made changes to their positions in DBE. Bank of America Corp DE boosted its holdings in Invesco DB Energy Fund by 333.3% in 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 acquiring an additional 177,032 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Invesco DB Energy Fund by 30.4% in the 1st 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 raised its holdings 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 worth $2,367,000 after purchasing an additional 3,416 shares in the last quarter.

About Invesco DB Energy Fund

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).