Invesco DB Energy Fund (NYSEARCA:DBE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Invesco DB Energy Fund (NYSEARCA:DBE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.02 and traded as high as $33.72. Invesco DB Energy Fund shares last traded at $32.51, with a volume of 92,040 shares traded.

Invesco DB Energy Fund Trading Down 0.9%

The firm has a market capitalization of $93.09 million, a price-to-earnings ratio of 3.72 and a beta of -0.03. The firm has a fifty day moving average price of $30.42 and a 200 day moving average price of $23.17.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Invesco DB Energy Fund by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 76,891 shares of the exchange traded fund’s stock worth $1,343,000 after buying an additional 2,183 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco DB Energy Fund by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock worth $1,084,000 after buying an additional 791 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in Invesco DB Energy Fund by 3.8% during the 4th quarter. M Holdings Securities Inc. now owns 56,530 shares of the exchange traded fund’s stock worth $987,000 after buying an additional 2,091 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Invesco DB Energy Fund during the 3rd quarter worth $221,000. Finally, Barclays PLC acquired a new position in Invesco DB Energy Fund during the 4th quarter worth $89,000.

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).