Invesco DB Energy Fund (NYSEARCA:DBE) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.10 and traded as high as $30.72. Invesco DB Energy Fund shares last traded at $30.57, with a volume of 24,780 shares traded.

Invesco DB Energy Fund Stock Performance

The stock’s 50 day simple moving average is $29.47 and its 200-day simple moving average is $26.10. The firm has a market cap of $88.65 million, a price-to-earnings ratio of 3.72 and a beta of -0.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Invesco DB Energy Fund by 18.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,415 shares of the exchange traded fund’s stock valued at $758,000 after acquiring an additional 6,643 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in Invesco DB Energy Fund by 3.8% in the 4th quarter. M Holdings Securities Inc. now owns 56,530 shares of the exchange traded fund’s stock valued at $987,000 after purchasing an additional 2,091 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Invesco DB Energy Fund during the 3rd quarter worth $221,000. Bank of America Corp DE raised its position in shares of Invesco DB Energy Fund by 1.4% in the third quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock valued at $1,084,000 after buying an additional 791 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Invesco DB Energy Fund by 180.0% in the second quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock worth $875,000 after buying an additional 30,203 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).