Invesco DB Energy Fund (NYSEARCA:DBE) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Invesco DB Energy Fund (NYSEARCA:DBE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.68 and traded as high as $27.48. Invesco DB Energy Fund shares last traded at $27.47, with a volume of 16,955 shares trading hands.

Invesco DB Energy Fund Trading Up 0.3%

The firm has a market cap of $79.66 million, a price-to-earnings ratio of 3.72 and a beta of -0.07. The company has a fifty day moving average price of $30.71 and a 200-day moving average price of $24.68.

Hedge Funds Weigh In On Invesco DB Energy Fund

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in Invesco DB Energy Fund by 333.3% in the first quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock valued at $6,782,000 after purchasing an additional 177,032 shares during the period. The Manufacturers Life Insurance Company increased its stake in Invesco DB Energy Fund by 248.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock worth $1,762,000 after buying an additional 67,405 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Invesco DB Energy Fund by 260.0% during the third 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 during the last quarter. Jane Street Group LLC raised its holdings in shares of Invesco DB Energy Fund by 180.0% during the second quarter. Jane Street Group LLC now owns 46,978 shares of the exchange traded fund’s stock valued at $875,000 after acquiring an additional 30,203 shares during the last quarter. Finally, Blueprint Investment Partners LLC purchased a new position in shares of Invesco DB Energy Fund in the third quarter valued at approximately $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).