Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.42 and traded as high as $33.38. Invesco DB Energy Fund shares last traded at $33.25, with a volume of 24,254 shares.
Invesco DB Energy Fund Trading Up 3.4%
The stock has a market capitalization of $96.43 million, a PE ratio of 3.72 and a beta of -0.03. The stock’s fifty day simple moving average is $29.07 and its 200-day simple moving average is $22.42.
Hedge Funds Weigh In On Invesco DB Energy Fund
A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Invesco DB Energy Fund by 55.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 97,138 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 34,547 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in Invesco DB Energy Fund by 260.0% during the 3rd quarter. Susquehanna International Group LLP now owns 92,125 shares of the exchange traded fund’s stock worth $1,752,000 after acquiring an additional 66,537 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in Invesco DB Energy Fund by 18.1% during the 4th quarter. Equitable Holdings Inc. now owns 88,378 shares of the exchange traded fund’s stock worth $1,544,000 after acquiring an additional 13,564 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco DB Energy Fund by 23.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 84,035 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 16,234 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Invesco DB Energy Fund by 2.9% in 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 during the last quarter.
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).
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