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

Shares of Invesco DB Energy Fund (NYSEARCA:DBE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.47 and traded as high as $35.58. Invesco DB Energy Fund shares last traded at $35.57, with a volume of 41,429 shares changing hands.

Invesco DB Energy Fund Stock Up 5.3%

The firm’s 50 day simple moving average is $31.03 and its 200-day simple moving average is $29.58. The company has a market capitalization of $120.71 million, a PE ratio of 3.72 and a beta of -0.06.

Institutional Trading of Invesco DB Energy Fund

A number of institutional investors have recently added to or reduced their stakes in DBE. Cetera Investment Advisers increased its holdings in Invesco DB Energy Fund by 29.1% in the 2nd quarter. Cetera Investment Advisers now owns 29,178 shares of the exchange traded fund’s stock valued at $544,000 after purchasing an additional 6,578 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 worth $1,762,000 after purchasing an additional 67,405 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of 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 worth $875,000 after purchasing an additional 30,203 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of 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 worth $1,566,000 after purchasing an additional 16,234 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco DB Energy Fund by 3.7% in the second quarter. Bank of America Corp DE now owns 56,181 shares of the exchange traded fund’s stock worth $1,047,000 after buying an additional 1,993 shares during the period.

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).