Invesco DB Energy Fund (NYSEARCA:DBE) Stock Passes Above 200 Day Moving Average of $20.78

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 $20.78 and traded as high as $21.33. Invesco DB Energy Fund shares last traded at $20.93, with a volume of 48,169 shares changing hands.

Invesco DB Energy Fund Stock Performance

The firm has a 50 day moving average price of $20.53 and a 200-day moving average price of $20.76. The firm has a market cap of $91.48 million, a PE ratio of 4.44 and a beta of 0.77.

Institutional Investors Weigh In On Invesco DB Energy Fund

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in Invesco DB Energy Fund by 0.6% during the third quarter. Jane Street Group LLC now owns 94,140 shares of the exchange traded fund’s stock worth $2,130,000 after purchasing an additional 515 shares during the last quarter. Morgan Stanley lifted its stake in Invesco DB Energy Fund by 9.8% in the fourth quarter. Morgan Stanley now owns 5,949 shares of the exchange traded fund’s stock valued at $135,000 after buying an additional 529 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Invesco DB Energy Fund by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,333 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 535 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Invesco DB Energy Fund by 6.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 13,537 shares of the exchange traded fund’s stock valued at $307,000 after buying an additional 816 shares during the last quarter. Finally, WestEnd Advisors LLC purchased a new stake in Invesco DB Energy Fund in the fourth quarter valued at approximately $25,000.

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.