Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.10 and traded as high as $30.72. Invesco DB Energy Fund shares last traded at $30.57, with a volume of 24,780 shares.
Invesco DB Energy Fund Stock Performance
The stock has a market capitalization of $91.64 million, a PE ratio of 3.72 and a beta of -0.05. The business’s 50-day moving average price is $29.43 and its 200 day moving average price is $26.19.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of DBE. PNC Financial Services Group Inc. lifted its stake in Invesco DB Energy Fund by 105.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 777 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Invesco DB Energy Fund by 1.4% during the third quarter. Bank of America Corp DE now owns 56,972 shares of the exchange traded fund’s stock valued at $1,084,000 after buying an additional 791 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco DB Energy Fund by 32.3% in the second quarter. Osaic Holdings Inc. now owns 3,876 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 947 shares during the period. M Holdings Securities Inc. lifted its stake in shares of Invesco DB Energy Fund by 3.8% in the 4th quarter. M Holdings Securities Inc. now owns 56,530 shares of the exchange traded fund’s stock valued at $987,000 after acquiring an additional 2,091 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco DB Energy Fund by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 76,891 shares of the exchange traded fund’s stock valued at $1,343,000 after acquiring an additional 2,183 shares during the period.
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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