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

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 Trading Down 0.2%

The firm has a market capitalization of $82.82 million, a PE ratio of 3.72 and a beta of -0.07. The business has a fifty day moving average price of $29.04 and a two-hundred day moving average price of $27.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DBE. PNC Financial Services Group Inc. raised 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 valued at $26,000 after buying an additional 777 shares during the period. Bank of America Corp DE boosted its holdings in Invesco DB Energy Fund by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock valued at $1,084,000 after acquiring an additional 791 shares during the period. Osaic Holdings Inc. boosted its holdings in Invesco DB Energy Fund by 32.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 947 shares during the period. M Holdings Securities Inc. boosted its holdings in Invesco DB Energy Fund by 3.8% during the 4th quarter. M Holdings Securities Inc. now owns 56,530 shares of the exchange traded fund’s stock valued at $987,000 after acquiring an additional 2,091 shares during the period. Finally, Cetera Investment Advisers grew its position in Invesco DB Energy Fund by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 76,891 shares of the exchange traded fund’s stock valued at $1,343,000 after acquiring an additional 2,183 shares in the last quarter.

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).