Invesco DB Energy Fund (NYSEARCA:DBE) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.12 and traded as high as $20.27. Invesco DB Energy Fund shares last traded at $20.27, with a volume of 14,443 shares changing hands.

Invesco DB Energy Fund Trading Up 3.1 %

The company has a market capitalization of $87.16 million, a PE ratio of 4.30 and a beta of 0.07. The company has a fifty day simple moving average of $19.21 and a 200-day simple moving average of $20.12.

Institutional Trading of Invesco DB Energy Fund

Several hedge funds have recently made changes to their positions in the business. Alaska Wealth Advisors increased its position in shares of Invesco DB Energy Fund by 0.8% in the 2nd quarter. Alaska Wealth Advisors now owns 310,705 shares of the exchange traded fund’s stock valued at $6,485,000 after purchasing an additional 2,572 shares during the last quarter. Picton Mahoney Asset Management raised its stake in Invesco DB Energy Fund by 44.8% in the second quarter. Picton Mahoney Asset Management now owns 12,900 shares of the exchange traded fund’s stock valued at $269,000 after buying an additional 3,990 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in Invesco DB Energy Fund during the 2nd quarter worth about $202,000. Cetera Advisors LLC acquired a new position in shares of Invesco DB Energy Fund during the 1st quarter worth about $208,000. Finally, Leo Wealth LLC purchased a new position in shares of Invesco DB Energy Fund in the 1st quarter valued at about $766,000.

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.