Invesco DB Energy Fund (NYSEARCA:DBE) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Invesco DB Energy Fund (NYSEARCA:DBE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.72 and traded as high as $31.49. Invesco DB Energy Fund shares last traded at $31.20, with a volume of 14,610 shares trading hands.

Invesco DB Energy Fund Stock Up 0.7%

The firm has a market capitalization of $98.94 million, a PE ratio of 3.72 and a beta of -0.07. The firm’s fifty day simple moving average is $29.02 and its 200-day simple moving average is $27.75.

Institutional Investors Weigh In On Invesco DB Energy Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in Invesco DB Energy Fund by 3.7% in the 2nd quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock valued at $1,047,000 after acquiring an additional 1,993 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco DB Energy Fund by 180.0% in the 2nd quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock worth $875,000 after purchasing an additional 30,203 shares in the last quarter. 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 purchasing an additional 6,578 shares in the last quarter. Barclays PLC purchased a new position in shares of Invesco DB Energy Fund in the fourth quarter worth $89,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Invesco DB Energy Fund by 32.3% during the second quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 947 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).