Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $31.75 and traded as high as $39.00. Invesco DB Energy Fund shares last traded at $38.73, with a volume of 58,281 shares trading hands.
Invesco DB Energy Fund Price Performance
The stock has a market capitalization of $125.31 million, a PE ratio of 3.72 and a beta of -0.03. The stock’s fifty day moving average is $35.44 and its 200-day moving average is $31.81.
Institutional Investors Weigh In On Invesco DB Energy Fund
Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of Invesco DB Energy Fund by 333.3% during the 1st quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock valued at $6,782,000 after acquiring an additional 177,032 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Invesco DB Energy Fund by 30.4% in 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 in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Invesco DB Energy Fund by 4.4% in 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.
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).
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