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

Invesco DB Energy Fund (NYSEARCA:DBE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.68 and traded as high as $30.19. Invesco DB Energy Fund shares last traded at $29.40, with a volume of 18,471 shares.

Invesco DB Energy Fund Price Performance

The business’s fifty day simple moving average is $29.21 and its 200 day simple moving average is $26.78. The stock has a market cap of $89.58 million, a price-to-earnings ratio of 3.72 and a beta of -0.05.

Hedge Funds Weigh In On Invesco DB Energy Fund

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco DB Energy Fund by 105.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 777 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Invesco DB Energy Fund by 32.3% in the second quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 947 shares during the last quarter. Barclays PLC acquired a new position in shares of Invesco DB Energy Fund during the fourth quarter valued at $89,000. Flow Traders U.S. LLC bought a new position in shares of Invesco DB Energy Fund during the third quarter worth about $221,000. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco DB Energy Fund by 29.1% in the 2nd quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock worth $544,000 after acquiring an additional 6,578 shares during the period.

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).