Invesco DB Energy Fund (NYSEARCA:DBE) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Invesco DB Energy Fund (NYSEARCA:DBE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.21 and traded as high as $33.52. Invesco DB Energy Fund shares last traded at $33.31, with a volume of 13,794 shares.

Invesco DB Energy Fund Stock Performance

The company has a market capitalization of $104.93 million, a P/E ratio of 3.72 and a beta of -0.07. The stock’s fifty day moving average price is $29.25 and its 200-day moving average price is $28.21.

Institutional Trading of Invesco DB Energy Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in shares of Invesco DB Energy Fund by 105.0% in the fourth 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 last quarter. Aberdeen Wealth Management LLC bought a new position in shares of Invesco DB Energy Fund during the 2nd quarter worth approximately $30,000. Osaic Holdings Inc. increased its holdings in shares of 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 worth $72,000 after acquiring an additional 947 shares during the last quarter. Barclays PLC acquired a new position in shares of Invesco DB Energy Fund during the 4th quarter worth approximately $89,000. Finally, Leading Edge Financial Planning LLC bought a new stake in Invesco DB Energy Fund in the 2nd quarter valued at $108,000.

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).