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

Invesco DB Energy Fund (NYSEARCA:DBE) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $32.16 and traded as high as $41.09. Invesco DB Energy Fund shares last traded at $41.02, with a volume of 21,290 shares.

Invesco DB Energy Fund Stock Performance

The stock has a market cap of $129.21 million, a P/E ratio of 3.72 and a beta of -0.03. The company’s 50 day moving average price is $36.29 and its 200-day moving average price is $32.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBE. Bank of America Corp DE boosted its position 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 worth $6,782,000 after purchasing an additional 177,032 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Invesco DB Energy Fund by 30.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock valued at $3,734,000 after purchasing an additional 29,575 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Invesco DB Energy Fund during the 3rd quarter valued at $243,000. Finally, Cetera Investment Advisers raised its stake in shares of Invesco DB Energy Fund by 4.4% during 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 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).