Invesco DB Energy Fund (NYSEARCA:DBE) Stock Passes Above Two Hundred Day Moving Average of $20.73

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 $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 traded.

Invesco DB Energy Fund Price Performance

The company’s 50-day simple moving average is $20.60 and its two-hundred day simple moving average is $20.73. The firm has a market capitalization of $92.80 million, a P/E ratio of 4.44 and a beta of 0.77.

Institutional Trading of Invesco DB Energy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in Invesco DB Energy Fund during the fourth quarter valued at $3,529,000. Foundations Investment Advisors LLC purchased a new position in Invesco DB Energy Fund during the fourth quarter valued at $386,000. CWM LLC purchased a new position in Invesco DB Energy Fund during the fourth quarter valued at $95,000. Tower Research Capital LLC TRC grew its stake in Invesco DB Energy Fund by 1,076.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,423 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 2,217 shares in the last quarter. Finally, WestEnd Advisors LLC purchased a new position in Invesco DB Energy Fund during the fourth quarter valued at $25,000.

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.