There are changes to two Invesco models this week.

There are changes to two Invesco models this week. The Invesco Commodity Model (POWRSHARES) sold the Invesco DB Base Metals Fund (DBB) and bought the Invesco DB Oil Fund (DBO). DBB 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 DBO as it was the highest-ranking fund in the matrix that was not already a holding in the portfolio.

DBO currently has a near-perfect 5.88 fund score, which is 1.05 points better than the average for all energy and natural resources funds, and a positive 5.79 fund score. On its default chart, DBO has given three consecutive buy signals and reached a new multi-year high in last week’s trading. Year-to-date (through 3/13), DBO has gained 68.44% on a price return basis; the fund also carries a 3% yield. In addition to DBO, the model also has exposure to the Invesco DB Energy Fund (DBE). Year-to-date, POWRSHARES has gained 19.77%.

The Invesco Sector Seven Model (POWER7) sold in the Invesco Wilderhill Clean Energy Fund (PBW) and bought the Invesco Oil & Gas Services ETF (PXJ). PBW 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 PXJ as it was the highest-ranking fund in the matrix that was not already a model holding.

PXJ currently has a near-perfect 5.86 fund score, which is 1.03 points better than the average for all energy and natural resources funds, and a positive 3.13 score direction. Year-to-date, PXJ has gained 31.31% on a price return basis and carries a 2% yield. In addition to PXJ, POWER7 also has exposure to aerospace & defense, building & construction, clean energy, next gen connectivity, pharmaceuticals, and semiconductors. Year-to-date, POWER7 has gained 6.14%.