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

Invesco DB Energy Fund (NYSEARCA:DBE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Invesco DB Energy Fund Stock Up 0.9%

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in Invesco DB Energy Fund by 105.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 777 shares during the period. Bank of America Corp DE raised its position in Invesco DB Energy Fund by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock valued at $1,084,000 after purchasing an additional 791 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Invesco DB Energy Fund by 32.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 947 shares during the last quarter. M Holdings Securities Inc. increased its holdings in shares of 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 acquiring an additional 2,091 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Invesco DB Energy Fund by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 76,891 shares of the exchange traded fund’s stock valued at $1,343,000 after purchasing an additional 2,183 shares during the last quarter.

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).