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

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.95 and traded as high as $31.32. Invesco DB Energy Fund shares last traded at $31.27, with a volume of 32,767 shares trading hands.

Invesco DB Energy Fund Trading Down 2.5%

The firm has a market capitalization of $90.68 million, a P/E ratio of 3.72 and a beta of -0.07. The firm has a 50 day moving average price of $30.80 and a 200-day moving average price of $23.95.

Institutional Investors Weigh In On Invesco DB Energy Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of 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 worth $6,782,000 after buying an additional 177,032 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of 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 worth $3,734,000 after buying an additional 29,575 shares during the period. Cetera Investment Advisers raised its holdings in shares of 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 worth $2,367,000 after buying an additional 3,416 shares during the period. Equitable Holdings Inc. raised its holdings in shares of Invesco DB Energy Fund by 18.1% in the fourth quarter. Equitable Holdings Inc. now owns 88,378 shares of the exchange traded fund’s stock worth $1,544,000 after buying an additional 13,564 shares during the period. Finally, Barclays PLC purchased a new stake in shares of Invesco DB Energy Fund in the fourth quarter worth approximately $89,000.

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).