Invesco DB Energy Fund (NYSEARCA:DBE) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Invesco DB Energy Fund (NYSEARCA:DBE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Invesco DB Energy Fund Price Performance

The business’s 50 day simple moving average is $30.85 and its 200-day simple moving average is $24.00. The stock has a market capitalization of $88.89 million, a P/E ratio of 3.72 and a beta of -0.07.

Hedge Funds Weigh In On Invesco DB Energy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of Invesco DB Energy Fund by 23.9% during the second quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 16,234 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Invesco DB Energy Fund by 55.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 97,138 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 34,547 shares in the last quarter. Susquehanna International Group LLP lifted its position in Invesco DB Energy Fund by 260.0% in the 3rd quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock valued at $1,752,000 after acquiring an additional 66,537 shares in the last quarter. Blueprint Financial Advisors LLC acquired a new stake in Invesco DB Energy Fund in the 3rd quarter valued at $310,000. Finally, Blueprint Investment Partners LLC acquired a new stake in Invesco DB Energy Fund in the 3rd quarter valued at $310,000.

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).