Invesco DB Energy Fund (NYSEARCA:DBE – Get Free Report)’s stock price 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.
Invesco DB Energy Fund Price Performance
The firm has a market capitalization of $91.48 million, a price-to-earnings ratio of 4.44 and a beta of 0.77. The business’s fifty day simple moving average is $20.53 and its 200 day simple moving average is $20.76.
Institutional Investors Weigh In On Invesco DB Energy Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. WestEnd Advisors LLC purchased a new position in Invesco DB Energy Fund during the fourth quarter worth about $25,000. PCA Investment Advisory Services Inc. bought a new stake in Invesco DB Energy Fund during the 2nd quarter worth approximately $33,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Invesco DB Energy Fund in the 1st quarter worth $46,000. Creative Planning bought a new position in shares of Invesco DB Energy Fund in the 3rd quarter worth $46,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Invesco DB Energy Fund by 1,076.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,423 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 2,217 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.
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