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

Invesco DB Energy Fund (NYSEARCA:DBE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.95 and traded as high as $31.32. Invesco DB Energy Fund shares last traded at $31.27, with a volume of 32,767 shares traded.

Invesco DB Energy Fund Price Performance

The firm has a 50-day moving average of $30.80 and a 200-day moving average of $23.95. The stock has a market cap of $90.68 million, a PE ratio of 3.72 and a beta of -0.07.

Hedge Funds Weigh In On Invesco DB Energy Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBE. Cetera Investment Advisers boosted its stake in Invesco DB Energy Fund by 29.1% during the second quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock valued at $544,000 after buying an additional 6,578 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Invesco DB Energy Fund by 248.0% during the second quarter. The Manufacturers Life Insurance Company now owns 94,589 shares of the exchange traded fund’s stock valued at $1,762,000 after buying an additional 67,405 shares during the last quarter. Jane Street Group LLC boosted its stake in 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 buying an additional 30,203 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco DB Energy Fund by 23.9% during the second quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock valued at $1,566,000 after buying an additional 16,234 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Invesco DB Energy Fund by 3.7% during the second quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock valued at $1,047,000 after buying an additional 1,993 shares during 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).