There is a change to the Invesco Commodity (POWRSHARES) this week.
There is a change to the Invesco Commodity Model (POWRSHARES) this week: sell the Invesco DB Precious Metals ETF (DBP) and buy the Invesco DB Energy Fund (DBE). DBP was sold because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the portfolio. In its place, the model added DBE as it was the highest-ranking fund in the matrix that was not already a holding in the model.
DBE currently has a near-perfect 5.80 fund score, which is 1.02 points better than the average for all energy and natural resources funds, and a positive 5.67 score direction. On its default chart, DBE has given two consecutive buy signals and reached a new multi-year high in Friday’s trading. Year-to-date (through 3/6) DBE has gained 46.89% on a price return basis; the fund also carries a 3.3% yield. In addition to DBE, POWRSHARES also has exposure to base metals. Year-to-date, the model has gained 14.54% on a price return basis.
