Invesco DB Energy Fund (NYSEARCA:DBE) Shares Cross Above 200 Day Moving Average of $20.73

Invesco DB Energy Fund (NYSEARCA:DBE)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.73 and traded as high as $21.11. Invesco DB Energy Fund shares last traded at $21.09, with a volume of 12,868 shares changing hands.

Invesco DB Energy Fund Stock Performance

The stock’s 50-day simple moving average is $20.63 and its 200-day simple moving average is $20.72. The firm has a market capitalization of $92.84 million, a PE ratio of 4.44 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WestEnd Advisors LLC purchased a new stake in shares of Invesco DB Energy Fund in the 4th quarter worth about $25,000. Tower Research Capital LLC TRC grew its position in shares of Invesco DB Energy Fund by 1,076.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,423 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 2,217 shares during the period. CWM LLC purchased a new stake in Invesco DB Energy Fund during the 4th quarter valued at about $95,000. Alaska Permanent Capital Management purchased a new stake in Invesco DB Energy Fund during the 4th quarter valued at about $268,000. Finally, Foundations Investment Advisors LLC purchased a new stake in Invesco DB Energy Fund during the 4th quarter valued at about $386,000.

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.