Invesco DB Energy Fund (NYSEARCA:DBE) Stock Passes Above Two Hundred Day Moving Average of $20.73

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.73 and traded as high as $21.11. Invesco DB Energy Fund shares last traded at $21.09, with a volume of 12,868 shares traded.

Invesco DB Energy Fund Trading Up 0.5 %

The firm has a market capitalization of $92.80 million, a price-to-earnings ratio of 4.44 and a beta of 0.77. The stock’s 50 day moving average price is $20.60 and its two-hundred day moving average price is $20.73.

Hedge Funds Weigh In On Invesco DB Energy Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Invesco DB Energy Fund during the 4th quarter worth $3,529,000. Foundations Investment Advisors LLC acquired a new position in shares of Invesco DB Energy Fund during the 4th quarter worth $386,000. CWM LLC purchased a new stake in shares of Invesco DB Energy Fund in the 4th quarter worth about $95,000. Tower Research Capital LLC TRC boosted its position in shares of Invesco DB Energy Fund by 1,076.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,423 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 2,217 shares in the last quarter. Finally, WestEnd Advisors LLC purchased a new stake in shares of Invesco DB Energy Fund in the 4th quarter worth about $25,000.

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.