Invesco DB Energy Fund (NYSEARCA:DBE) Stock Crosses Above Two Hundred Day Moving Average of $20.26

Shares of Invesco DB Energy Fund (NYSEARCA:DBE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.26 and traded as high as $21.37. Invesco DB Energy Fund shares last traded at $21.24, with a volume of 12,495 shares trading hands.

Invesco DB Energy Fund Price Performance

The firm has a market cap of $91.57 million, a P/E ratio of 4.30 and a beta of 0.07. The company’s 50-day simple moving average is $20.44 and its 200 day simple moving average is $20.27.

Institutional Investors Weigh In On Invesco DB Energy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. WestEnd Advisors LLC purchased a new stake in shares of Invesco DB Energy Fund in the fourth quarter valued at $25,000. Tower Research Capital LLC TRC raised its stake in shares of Invesco DB Energy Fund by 1,076.2% in 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 during the period. CWM LLC purchased a new stake in shares of Invesco DB Energy Fund in the fourth quarter valued at $95,000. Cetera Advisors LLC purchased a new stake in shares of Invesco DB Energy Fund in the first quarter valued at $208,000. Finally, Alaska Permanent Capital Management purchased a new position in Invesco DB Energy Fund in the 4th quarter worth about $268,000.

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.